The Financial Services Commission (Commission) has issued the Financial Services (Investment Banking) (Amendment) Rules 2020, the Financial Services (Administrative Penalties) (Amendment)

The Supreme Court of Mauritius overturned, on 31 January, an ARC decision in favour of the taxpayer in a judgment that confirmed that companies are entitled to the 80% income exemption even where the income does not originate from CIGA.

This article provides an overview of the legal and regulatory provisions in Mauritius regarding confidentiality and customer due diligence and how it compares with other jurisdictions.

In Mauri Garments Trading and Marketing Limited v The Mauritius Commercial Bank Limited the Judicial Committee of the Privy Council reiterated the fundamental principle that "[b]anks are not concerned with the rights or wrongs of the underlying disputes [between parties] but only with the performance of the obligations which they themselves have confirmed."

While many companies in Africa are family-run, not enough of them are considering their succession plans to the next generation, explains John Félicité, Director - Ocorian Mauritius.

The word Governance is derived from the latin word Guvernare which means to steer or to control. The importance of CG in today's era can no longer be questioned.

The below is a summary of recent cases likely to influence the practice of global business in Mauritius.

Further to our initial eAlert in June 2018, this article highlights important changes in the National Budget for the global business industry, in particular, for investors.

We are living an unprecedented period with the unfortunate Covid-19 situation in the world.

The Finance (Miscellaneous Provisions) Act 2021 was gazetted on 05 August 2021 and it brings into force a number of amendments to the legislations in Mauritius.

A discussion on why Chinese companies are increasingly using offshore jurisdictions such as Mauritius.

The MCB Case concerned a claim for damages that The Mauritius Commercial Bank Ltd (MCB) lodged before the Supreme Court against UBS AG, Singapore Branch (UBS Singapore) and UBS for breach of contract.

For years, Mauritius has served as a key gateway for foreign investment into India. With its well-established financial sector and strong historical ties to India...

In the World Bank Doing Business Report 2017, Mauritius was once again ranked first among the sub-Saharan economies, but nevertheless made a spectacular fall, moving down from an overall global ranking...

The Mauritius foundation is an increasingly compelling structuring vehicle for high-net-worth individuals and businesses seeking to channel their philanthropic and charitable endeavours...

In the second part of this series, we consider the key changes that the Finance (Miscellaneous Provisions) Bill 2024 proposes to bring to the global business and financial services sectors. To receive our summary of the legislation when it is enacted in a few weeks.

Mauritius is considered as an attractive option when considering ports in the region to secure maritime claims through in rem judicial proceedings namely ship arrest.

The Competition Commission of Mauritius has launched a six-month amnesty programme offering immunity from financial penalties to trade associations, cooperatives and their members who voluntarily disclose...

This alert provides a general overview of the Captive Insurance Act, 2015 ("CIA") and Good Governance and Integrity Reporting Act, 2015 (the "Act"), the latest legislative updates being introduced in Mauritius.

In the case of Heeraman v. Cherval & ors [2023 SCJ 513], the Applicant complained that as a minority shareholder he was prejudiced by the acts and doings of the Respondents...