Corporate Law and Governance
South Africa: New VAT and customs obligations for online marketplaces
The global economy has recently seen a rapid rise in online marketplaces and platforms, whereby sellers can easily connect and transact with buyers.
Africa: COMESA Competition Commission publishes draft guidelines on penalty, settlement and hearing procedures
The COMESA Competition Commission (Commission) published draft guidelines to the COMESA Competition Regulations, 2004 (Regulations) for public comment on 19 October 2021.
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.
Fintech
Bitcoin in SA – can cryptos ever be tamed?
Fortunes are being made – and lost – in the financial Wild West that is digital currencies. Do investors in South Africa need government protection?
International
New York’s LIBOR Replacement Law: A Useful Step That Leaves Lingering Questions for ‘Tough…
Since the Financial Stability Board issued its report recommending reforms to interest rate benchmarks (including the London Interbank Offered Rate (LIBOR) in 2014),[1] market participants have devoted considerable resources to prepare for LIBOR’s eventual cessation.
Regulation and Ethics
IOSCO good practices aim to foster cooperation through global supervisory colleges
The Board of the International Organization of Securities Commissions (IOSCO) today published a set of good practices related to the use of global supervisory colleges in securities markets, with the aim of increasing cooperation and information-sharing among securities regulators.
Tax
South Africa: Draft legislation and proposed advanced pricing agreement programme model published
The South African Revenue Service (SARS) has published draft legislation and a proposed model for establishing an advanced pricing agreement (APA) programme in South Africa.
