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The African continent as a whole remains heavily dependent upon fossil fuels with the likes of South Africa and Nigeria remaining over 70% dependent on non-renewables. The potential for a green transition over the coming years remains pertinent, yet a long way off.
In today’s challenging context marked by the continued prevalence of COVID-19 that has shaken Mauritius’ economy and in the wake of the surge in prices of petroleum products, it is anticipated that renewable energy will play a pivotal role in the country’s development.
The global business segment of the Mauritius International Financial Centre provides convenience, fiscal efficiency and risk mitigation for companies engaged in international operations.
On 28 January 2021, the data privacy communities of the world celebrated the Data Protection Day which is an international effort to create awareness about the importance of respecting privacy, safeguarding data and enabling trust.
The Finance (Miscellaneous Provisions) Act 2020 has amended some 70 pieces of legislation so as to implement the measures set out in the Budget 2020 2021. The Act came into force on 7 August 2020.
The COVID-19 (MISCELLANEOUS PROVISIONS) Act amends some 56 legislations which the COVID-19 pandemic context rendered necessary to mitigate its negative impact on the Mauritian economy and on the lives of Mauritians in general.
Our guide to the issues likely to impact businesses and the key measures taken by African governments in response to COVID-19.
While the outbreak of the COVID-19 pandemic subsists, the risks for businesses of not being able to fulfil their contractual obligations or of experiencing the default of the other contracting party is a real concern for economic operators. To manage this unprecedented situation and provide an adequate response, a careful analysis of the contract terms is essential to enable parties to exercise their rights if a dispute arises from non-performance. As a first step, it will generally be a question of analysing the possibility of invoking the defence mechanism of force majeure.
The unravelling situation with the COVID-19 pandemic has caused significant financial turmoil in Mauritius. A likely effect of these disturbances could result in companies going for winding-up and other alternatives available under Mauritian law.
Following the outbreak of COVID-19 and its development into a global pandemic, governments, public and private organisations throughout the world are taking exceptional measures to contain and mitigate its spread.
In an attempt to curb the spread of the COVID-19 in Mauritius, the government took the decision to extend the sanitary curfew until 15 April 2020. Employers around the world are facing similar challenges, dealing with government-mandated shutdowns, sick and self-isolating employees, homeworking arrangements and economical constraints.
In 2017, the Companies Act was amended to provide that the share register of companies should disclose the names and last known addresses of the beneficial owners/ultimate beneficial owners where shares are held by a nominee.
With the advent of the Workers’ Rights Act (“WRA”), we have seen our labour laws being challenged in many ways in Mauritius. At first, our attention was quickly grasped by the additional leaves which have been brought by the WRA, the calculation of the end of year bonus and, more especially, by the new definition given to the word ‘worker’ under the WRA. We should, however, realise that these are not the only elements which will affect the financial impact which the WRA is having on our economy.
In a significant initiative during COVID-19 period back in 2020, the Government Printing Department under the aegis of the Prime Minister’s Office, had no other choice than to stop physical printing of Government Gazettes and introduce e-publishing of the Gazettes, putting an end to paper waste and the long wait for the dispatch of essential documents. In fact, with a simple click, subscribers had access to copies of such notifications on the official website of the Government Printing Department https://gpd.govmu.org/Pages/Index.aspx as soon as the documents were published.
DLA Piper Africa is pleased to announce that nine lawyers from across the continent have been recognised as Women Leaders by legal directory IFLR1000. The IFLR1000 Women Leaders rankings recognise the most prominent female lawyers working in the areas of financial and corporate transactions and contract, licensing and regulatory project work, within their jurisdictions