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

HERBERT SMITH FREEHILLS ATTENDS AFRICA ENERGY FORUM IN LISBON

Author: Joanne Elson  The 21st Africa Energy Forum (AEF) took place on the 11th to 14th June 2019 in Lisbon, Portugal. The annual AEF is the largest Africa energy gathering of the year and easily draws over a 1000 delegates from all over the globe, including many government officials, public private sector representatives, developers, dealmakers, … Read more

PROMOTING HUMAN RIGHTS THROUGH THE EXTRACTIVE INDUSTRY

Author: Stéphane Brabant The hereunder presentation is adapted from a speech given during a seminar on ‘Mining and Oil and Gas Law: Transactions and Dispute Resolution’, jointly organised by the International Association of Lawyers and the Senegalese Bar Association in February 2017. A few years ago, it was still unrealistic to raise the topic of … Read more

ANPG TAKES OVER FROM SONANGOL E.P. AS ANGOLA’S NATIONAL CONCESSIONAIRE

Authors: Rebecca Major, Sharif Abousaada and Matthias Steiner The Angolan government has taken a further step in restructuring the hydrocarbons sector in Angola with the creation of the National Agency for Oil, Gas and Biofuels (Agência Nacional de Petróleo, Gás e Biocombustíveis) (“ANPG”), which was approved by Presidential Decree (no.49/19) on 6 February 2019. With … Read more

HERBERT SMITH FREEHILLS GROWS ALTERNATIVE LEGAL SERVICES WITH JHB APPOINTMENT

  Herbert Smith Freehills has appointed Jacquie Hodgson as its Head of Alternative Legal Services (ALT), Johannesburg in South Africa. Hodgson will provide support to further expand on the successful foundation laid by the existing Johannesburg-based team over the past two years. ALT combines legal expertise, process efficiency and the latest technology to handle high-volume … Read more

ZAMBIA LURED BY THE SIREN SONG OF RESOURCE NATIONALISM

Author: Peter Leon The government should take note of historical lessons Zambia, the world’s seventh-largest copper producer, is the latest leading African mining jurisdiction to succumb to the siren song of resource nationalism. In recent years this trend has seen international miners and their host governments in Tanzania and the Democratic Republic of Congo clash … Read more