144 results found

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

On 22 July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2022 into the National Assembly.

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 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).

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

In 2020, the United Kingdom introduced a restructure plan under the Corporate Insolvency and Governance Act 2020 through section 26A of the Companies Act 2006.

The Central Bank of Mauritius introduced in 2017 a licence for the issue of commercial papers. The aim of the BOM in doing so is two-fold: the licence should enable companies to diversify their source of funding.

The general principle under section 129 (1) of the Companies Act (the "Act") is that the business and affairs of the company shall be managed by, or under the supervision of, the Board.

Following the announcement made in the Budget Speech 2016, the Finance (Miscellaneous Provisions) Act 2016 was enacted.

In a world of business, unforeseen circumstances can often arise that lead a company to financial distress or near insolvency.

Mauritius law caters for a variety of investment vehicles, namely limited partnerships, foundations and trusts.

Due to the global Coronavirus (COVID-19) pandemic and its effects on the Mauritian economy, on 15 May 2020, the Government of Mauritius enacted the COVID-19 (Miscellaneous Provisions)...

For companies operating in logistics and maritime trade, international exposure is no longer an exception, it is the norm. Freight forwarders, shipping company, shipping operators, and integrated trading groups routinely manage cross-border contracts, operations, global clients, multi-currency flows, and operations spanning several jurisdictions.

Generally, when there is a wrongdoing committed against a company, it is the company itself which acts. The decision to initiate proceedings rests with the directors and not the shareholders.

Gazetted on the 5 August 2021, the Finance (Miscellaneous provisions) Act, brings about amendments made to the legislative structure of the Mauritian jurisdiction.