AFSA INTERNATIONAL ARBITRATION RULES COME INTO FORCE WITH HSF’S JONATHAN RIPLEY-EVANS APPOINTED TO NEW AFSA COURT

The new Arbitration Foundation of Southern Africa (AFSA) International Arbitration Rules (the Rules) came into force on 1 June 2021, applying to all international arbitrations commenced at AFSA on or after that date. The Rules are the product of a Drafting Committee, led by Professor Maxi Shearer, and an Advisory Board consisting of “leading academics, … Read more

CLEARING THE WATERS: THE UPSTREAM PETROLEUM RESOURCES DEVELOPMENT BILL, 2021

∨ Introduction ∨ Key differences between the 2019 Bill and the 2021 Bill ∨ Conclusion INTRODUCTION Total S.A.’s (Total) initial discovery just over two years ago of gas concentrate in the Outeniqua Basin (Brulpadda prospect, Block 11B/12B) offshore South Africa – a deposit reportedly containing around one billion barrels of oil equivalent1 – has placed … Read more

AFRICA EUROPE FORUM

Herbert Smith Freehills was a proud supporter of the Africa Europe Forum which was held virtually on 17 – 18 May 2021. Thomas Kessler, a partner in the firm’s Frankfurt office, joined a panel discussion on the “Role of Renewable Energy in Sub-Saharan Africa’s Power Supply” together with Mario Ledic, Director Governmental Affairs, ANDRITZ HYDRO … Read more

SOUTH AFRICA’S TRANSITION TO ELECTROMOBILITY : A ZERO SUM GAME

On 18 May 2021, South Africa’s Department of Trade, Industry and Competition (DTIC) published its initial discussion paper on the country’s transition to electric vehicles (EVs). The Auto Green Paper was published in response to the submissions which the Minister of Trade, Industry and Competition received from South Africa’s major motor vehicle manufacturers following his … Read more

HERBERT SMITH FREEHILLS’ ALTERNATIVE LEGAL SERVICES PRACTICE RANKED IN CHAMBERS’ ALTERNATIVE LEGAL SERVICES PROVIDERS GUIDE 2021

Herbert Smith Freehills’ industry-leading Alternative Legal Services (ALT) practice has been ranked in Chambers’ ALSP Guide 2021 in the following categories: Band 1 in Litigation Services – Global Wide Band 2 on Contract Lifecycle Management – Global Wide The rankings mark the second time that the firm’s ALT practice has been ranked Band 1 for … Read more

A MINING MAKE-OVER IN PROGRESS?

In his recent keynote address to the platinum group metals industry, Minister of Mineral Resources and Energy, Gwede Mantashe (the Minister) indicated that South Africa aims to increase the country’s share of global exploration expenditure to at least three per cent in the next five years. This is obviously laudable. According to data published by … Read more

PETER LEON: BEGGAR THY NEIGHBOUR ECONOMICS ARE SELF-DEFEATING

It is now more widely accepted that import substitution policies seldom achieve the intended benefits Writing in the wake of the Great Depression in 1937, on the eve of World War 2, distinguished Cambridge economist Joan Robinson observed that on the face of it an increase in exports relative to imports leads to more employment. … Read more

L’AFRIQUE FACE AUX DEFIS DE LA TRANSITION ENERGETIQUE

Auteurs : Rebecca Major, associée et François Adao, collaborateur Cet article a initialement été publié par l’AGEFI Hebdo dans son numéro du 29 avril 2021. Le continent africain se trouve simultanément confronté à deux tendances : la diminution des investissements directs étrangers (IDE) et le désinvestissement des énergies fossiles. Si la première procède conjoncturellement de … Read more