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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by BLC Robert & Associates

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MAURITIUS PROVIDING AN ATTRACTIVE LEGAL FRAMEWORK FOR CLINICAL TRIALS

June 2016 - Projects, Energy & Natural Resources. Legal Developments by BLC Robert & Associates.

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The development of Life Sciences has been one of Mauritius’s long time ambitions. It is an industry which meshes well the island’s ambitions in the pharmaceutical industry and bio-technological research. However, the testing of drugs on human subjects is an issue which has sparked ethical controversies worldwide. Prior to the enactment of the Clinical Trials Act 2011 (the “Act”) in September 2011, projects for conducting clinical research on human beings were prohibited in Mauritius.

Mauritius - Legal Updates

November 2015 - Corporate & Commercial . Legal Developments by BLC Robert & Associates.

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Mauritius has a sophisticated and transparent regulatory system that is ideal for a dynamic entrepreneurial environment and to promote diversified economic growth. Its openness to investors worldwide, its geographical location as well as its membership to international organizations such as the African Union (AU), the South African Development Countries (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the Commonwealth of Nations, allow Mauritius to have a preferential and secure access to a wider market.

International Regulation and IFCs

November 2015 - Finance. Legal Developments by BLC Robert & Associates.

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Doing business anywhere in the world has become more difficult in 2014. The international business community at large has felt the bite of regulations having cross-border reach. These have forever changed the way in which businesses are run, and this in turn amplifies the challenge for international financial centres (IFCs)

Mauritius – New Requirements reinforces its position as a Jurisdiction of Substance

March 2015 - Finance. Legal Developments by BLC Robert & Associates.

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Strategically located in the Indian Ocean perched on the axis of investments from Europe, Africa, the Middle East and Asia, Mauritius has throughout the last two decades forged a strong reputation as a premier international financial centre. The combination of fiscal and non-fiscal advantages together the diverse product-base have been the key ingredients of the Mauritius success story. Since the inception of the International Financial Centre in 1989, Mauritius has demarcated itself from other IFCs by focusing on the development of its network of Double Taxation Treaties and Investment Protection Agreements to be a regional financial centre and natural conduit for trade and investment into emerging economies in the region. The introduction of new substance requirements for Global Business Companies operating from Mauritius which will become effective on 1st January 2015 are part and parcel of the strategy to continue to deepen the financial services and increase its input to the country’s GDP.

New DTAs in Force with Mauritius

November 2014 - Tax & Private Client. Legal Developments by BLC Robert & Associates.

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Kenya

The Government of the Republic of Kenya has ratified the Double Taxation Treaty (DTA) with Mauritius through the publication of a legal notice in the Kenya Official Gazette on May 23 2014. The DTA will become effective on January 1 2015.

Recent Legislative Developments in Mauritius

November 2014 - Corporate & Commercial . Legal Developments by BLC Robert & Associates.

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Mauritius sends a strong signal to the International Financial Community and further improves its image as a well regulated International Financial Centre of substance by the introduction of new guidelines for companies holding a Category 1 Global Business License (GBL 1). In that respect the Financial Services Commission (FSC) has amended the rules of Global Business by introducing additional economic substance in Mauritius in order to demonstrate presence, which can be reasonably expected from a corporation managed and controlled in Mauritius. Further, Mauritius is enhancing its position as a jurisdiction of choice for the resolution of business and investment disputes in the African region, by allowing and encouraging shareholders of GBL 1 companies to arbitrate in Mauritius with regards to dispute arising out of the constitution of the company. Another significant development is the enactment of the Copyrights Act 2014, which modernises the intellectual property rights environment in Mauritius and makes Mauritius copyright law compliant with the World Intellectual Property Organisation (WIPO) Copyright Treaty and the WIPO Performances and Phonogram Treaty.

Legislative developments in 2013 in the field of international arbitration

July 2014 - Litigation & Dispute Resolution . Legal Developments by BLC Robert & Associates.

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A number of important refinements have been brought to the area of dispute resolution last year to further cement the position of Mauritius as a venue for adjudicating international disputes. Those changes to arbitration landscape were ushered through the International Arbitration (Miscellaneous Provisions) Act 2013 (the "Amending Act"), which was promulgated at the same time as the Supreme Court issued the Supreme Court (International Arbitration Claims) Rules 2013 (the "Rules"). Importantly, the Amending Act brought harmonising changes to the Civil Procedure Code.

New FSC regulations reinforces the position of Mauritius as a jurisdiction of substance

December 2013 - Finance. Legal Developments by BLC Robert & Associates.

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The introduction of new substance requirements for Global Business Companies operating from Mauritius which will become effective on 1st January 2015 are part and parcel of a strategy to further boost financial services and increase its input to the country's GDP.

Mauritius - A Trusted Jurisdiction for Private Wealth Management

May 2013 - Finance. Legal Developments by BLC Robert & Associates.

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Strategically located in the Indian Ocean perched on the axis of on the axis of investments from Europe, Africa, the Middle East and Asia, Mauritius has throughout the last two decades forged a strong reputation as a premier international financial centre. The combination of fiscal and non-fiscal advantages together the diverse product-base have been the key ingredients of the Mauritius success story. Although Mauritius is better known as a gateway for the structuring of investments into India and increasingly Africa, it is well on course to become a leading jurisdiction for private client services in the region.

Legal Developments in Mauritius

December 2012 - Corporate & Commercial . Legal Developments by BLC Robert & Associates.

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Unlike most of the other established financial centres, Mauritius has, as an African state, always nurtured tax and trade relationships with mainland states by constantly cumulating African tax treaties and by cumulating membership in a number of African preferential trade networks (e.g COMESA and SADC. Considered as a leading international financial services centre and a gateway for investment in many Asian and African countries, Mauritius has in the past year sought to further consolidate its position as a hub for financial transactions by introducing innovative vehicles, structuring and financing products..