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Mauritius has been consolidating its position as an International Financial Centre (IFC) over the past few years.

The Financial Services Industry in Mauritius is growing at a fast pace. According to the Financial Services Commission, 2006 Annual Report the Non Banking Financial Industry Sector already contributes to 4% of the GDP and the growth rate is at present some 10% or more. Incidentally the number of Licensed Service Providers is also increasing.

Doing business in Mauritius is both easy and smooth and complies with best practices in terms of transparency, good governance and ethics.

Although Mauritius is a well-known international financial hub, the captive industry has failed to develop as expected, especially due to a lack of effective legislation.

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."

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.

Mauritius was one of the two countries from the African continent to sign the CAA (the other being South Africa).

Mauritius has, over the years, meticulously crafted the prerequisites to make the island a really advantageous, safe, business friendly location of high quality for the investor community.

When the Constitution was enacted in 1968, there was not much business around apart from sugar cane, industries accessory to it and basic trade and commerce for the needs of colonial Mauritius.

International arbitration is a mechanism established for the final and binding determination of disputes concerning a contractual or other relationship with an international element by independent arbitrators in accordance with procedures, structures and substantive and non-legal standards chosen directly or indirectly by the parties

Juristconsult Chambers is pleased to launch its second webcast which is this time on the Base Erosion Profit Shifting.

The Limited Liability Partnership Act 2016 (the "LLP Act") came into force in Mauritius on 3 January 2017 and introduces a new corporate structure in Mauritius; the Limited Liability Partnership (commonly known as LLP).

Over the past years there has been a succession of judgments internationally which have overturned assumptions about trusts that have held for the past century. As a result, South African investors are encountering serious difficulties in the use of offshore trusts.