Corporate Law and Governance
How are acquisitions and disposals of privately owned companies, businesses or assets structured in your jurisdiction? What might a typical transaction process involve and how long does it usually take?
In 2018 much was said about the adverse impact of political uncertainty and a sluggish economy on M&A activity in South Africa.
There are a number of unfair stereotypes regarding mediation. For example, many believe that it is only appropriate for family law disputes or that it is akin to therapy where parties are required to talk about their feelings rather than dealing with the substances of a dispute.
The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has responded to Financial Action Task Force (FATF) recommendations on mitigating risks associated with virtual asset service providers (VASPs).
On 14 March 2019 the Bank for International Settlements (BIS) published a press release on the jurisdictions which are making progress on implementing international standards for payment systems.
Regulation and Ethics
If you were asked a question relating to South African financial regulatory requirements in the past year, you would do well to ensure that you have a copy of the most recent version of the relevant statute or legislation, subordinate legislation and any proposed amendments each time.
The 2019 Budget noted that a global downward trend in corporate taxation rates may lead to an unintended increase in the imputation of controlled foreign companies' (CFCs') net income in South African shareholders' taxable income.