‘WINGING’ IT ON ENFORCEMENT? SOUTH AFRICAN COURT LIFTS ATTACHMENT OVER TANZANIAN PLANE BECAUSE UNDERLYING AWARD ‘CEASED TO EXIST’

Authors: Jonathan Ripley-Evans and Marco de Sousa In a recent and controversial judgment, the High Court of South Africa set aside an attachment order authorising the attachment of an aircraft owned by the Tanzanian Government in satisfaction of a foreign arbitral award, on the ground that the award “ceased to exist” when it was converted … Read more

FIRM-SPONSORED AFRICARB EVENT IN HONG KONG BRINGS AFRICA TO ASIA

Author: Greg Travaini The firm played a key role supporting AfricArb’s first dedicated event in Asia, helping to raise the firm’s profile in the Asian and African arbitration communities. AfricArb was created by a group of young legal professionals with a shared interest in Arbitration and Africa. The Hong Kong events builds on similarly successful … Read more

HERBERT SMITH FREEHILLS EXPANDS SOUTH AFRICAN OFFICE WITH THREE SENIOR HIRES

Global law firm Herbert Smith Freehills today announced that three leading South African lawyers will join the firm in its Johannesburg office. The hires – two partners and a senior consultant – are bringing well established teams with them, resulting in a total of 13 appointments. Expanding Herbert Smith Freehills’ corporate, competition and technology & … Read more

INITIAL COIN OFFERINGS ARE A NEW VERSION OF THE OLD WILD WEST

Author: Patrick Leyden As many as 80% of ICOs are either outright scams or fail to result in any working product, according to recent reports. At the height of its bull run in December 2017, the combined cryptocurrency market capitalisation was more than $800bn. In little more than a year the value of bitcoin had … Read more

SOUTH AFRICA’S CONSTITUTIONAL COURT RESTRICTS THE GOVERNMENT’S ABILITY TO CHALLENGE THE LAWFULNESS OF STATE-OWNED ENTITIES’ DECISIONS IN JUDICIAL REVIEW PROCEED

Author: Peter Leon, Ernst Muller and Natasha Rachwal  South Africa is grappling with large-scale public-sector corruption, which has severely undermined the Government’s public procurement system. Recent judicial developments, including a court-ordered Commission of Inquiry into State Capture, appear to have been met, finally, with serious political will to root out corruption. President Cyril Ramaphosa’s inaugural … Read more