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BLC Robert & Associates

2ND FLOOR, THE AXIS, 26 BANK STREET, CYBERCITY, EBENE 72201, MAURITIUS
Tel:
Work +230 403 2400
Fax:
Fax +230 403 24 01
Email:
Web:
www.blc.mu
Ebene, Port Louis

Iqbal Rajahbalee

Tel:
Work +230 403 2400
Email:
BLC Robert & Associates

Position

Senior Counsel
Managing Partner

Career

Iqbal is specialised in the practice area of Banking and Finance, Litigation and Dispute Resolution, PPP and Regulatory. He is a Senior Counsel with over 30 years of practice at the Bar of Mauritius advising on a number of diverse cross-border finance transactions, including asset financing and investment funds both for the public and private sector.

He is the founder of the offshore industry in Mauritius and served as the first Executive Director of the Mauritius Offshore Business Activities Authority (MOBAA). He was appointed as the first Chief Executive of the Financial Services Commission of Mauritius, the regulatory body of the non-banking finance industry.   He has acted as Mauritius counsel in setting up a number of global investment funds and advised a number of multinationals. In addition, Iqbal served for more than ten years at the Attorney General‘s Office, Ministry of Justice rising to the position of Assistant Solicitor General. He is often called upon by the government to advise on financial law matters and has drafted numerous pieces of legislation in Mauritius including the Securities Act, the Financial Services Development Act and the Insurance Act.

Iqbal has led several Government delegations on a wide range of issues from international territorial disputes to taxation, and has sat on a number of government appointed committees.

Languages

English and French

Member

  • Middle Temple Inn of Court, London
  • Honorary Member, Asian Offshore Association
  • Mauritius Bar Association

Education

LL.B and LL.M – London School of Economics, England


Mauritius

Legal market overview

Within: Leading individuals

Iqbal Rajahbalee - BLC Robert & Associates

Within: Legal market overview

BLC Robert & Associates impresses with ‘rapid response times’, ‘excellent client relationship management’ and packs a particular punch in assisting with transactional matters. In a recent highlight, managing partner Iqbal Rajahbalee successfully represented a group of six defendants, which included investment funds and a financial advisor, in a financial services dispute. Other senior partners include ‘stand out lawyerJason Harel) and Fazil Hossenkhan who has ‘great knowledge and practical experience’.

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Legal Developments by:
BLC Robert & Associates

  • MAURITIUS PROVIDING AN ATTRACTIVE LEGAL FRAMEWORK FOR CLINICAL TRIALS

    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.
    - BLC Robert & Associates

Legal Developments in Mauritius

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Malta: a new magnet for High Net Worth Individuals

    Malta has hit headlines for its record economic performance during the last decade and has grown into a booming financial centre in the Euro-Mediterranean region.  Sunseeker interviews prominent Maltese lawyer Dr Jean-Philippe Chetcuti , managing partner of Chetcuti Cauchi Advocates , on the reasons for Malta's attractiveness to affluent international families.
  • MAURITIUS PROVIDING AN ATTRACTIVE LEGAL FRAMEWORK FOR CLINICAL TRIALS

    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.
  • Execution of foreign judgment in Mauritius

    Execution of foreign judgment in Mauritius - As a matter of law of evidence in Mauritius, foreign law is a matter of fact which can only be proved by expert evidence.
  • Mauritius - Legal Updates

    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

    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

    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 1 st 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

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  • Recent Legislative Developments in Mauritius

    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

    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

    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.