Corporate Law and Governance
Will globalisation survive in a post-pandemic world?
With the confluence of factors including globalisation, the rise of the digital economy, the proliferation of new competition law regimes, and the increasing incidences of cross-border activity on the continent, it is unsurprising that there has been conduct over which several competition authorities have wished to exert jurisdiction.
What a relief
On 13 August 2019, President Cyril Ramaphosa signed the much-anticipated National Credit Amendment Bill into law (the Amendment Act). The Amendment Act seeks to give greater effect to the overarching objective of the National Credit Act, 2005 (National Credit Act), namely for the promotion of a fair and accessible credit market in South Africa.
Appropriate Dispute Resolution Clauses are vital in Commercial Agreements
Parties that conclude any sort of commercial agreement must consider the mechanism by which any dispute arising under the agreement will be resolved.
Fintech
Fintech innovation in South Africa in the era of data security and protection
An Intergovernmental Fintech Working Group (IFWG) study of the market uncovered that there are 220 active and operational Fintechs in South Africa and this number is expected to grow as technology adoption increases.
International
FCA Publishes Review of Asset Managers’ Implementation of MiFID II Product Governance Rules
FCA found instances of non-compliance with the product governance rules which, in its view, increases the risk of investor harm.
Regulation and Ethics
The World Federation of Exchanges Publishes Research on Global Circuit Breaker Practices
The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today published a research paper titled ‘Circuit breakers and other market safeguards,’ as part of the industry’s work on systemic resilience and the structures that support market integrity.
Tax
Budget 2021: Tax Proposals
The National Treasury published the Budget Review 2021 on 24 February 2021. This article on considers some of the proposals for tax amendments that the National Treasury intends to make as part of the 2021 legislative cycle.
