Corporate Law and Governance
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.
A board of directors plays a fundamental role in instilling and maintaining a culture of good corporate governance, which ensures that a company (represented by its executives and employees) acts ethically and within the parameters of the law in its business dealings.
2018 was a watershed year in many respects for private equity in Africa. In the wake of the Abraaj collapse and other market fluctuations, we will in 2019 likely see significant shifts in the industry, with key changes to all stakeholders’ strategies expected to emerge.
The Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), South African Revenue Service (SARS) and the South African Reserve Bank (SARB) this week released a consultation paper on crypto assets.
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
The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has responded to three US federal banking agencies on a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.
In his Budget Speech on 20 February 2019, the Minister of Finance, Tito Mboweni, introduced some new tax policy proposals along with a number of additional tax amendments, which will be introduced this year.