HERBERT SMITH FREEHILLS MAKES STRATEGIC CORPORATE PARTNER HIRE IN SOUTH AFRICA, BOLSTERING ITS M&A AND ECM OFFERING

Leading global law firm Herbert Smith Freehills has hired Huneiza Goolam to join its market leading global corporate practice as a partner in Johannesburg. Huneiza specialises in both M&A and equity capital markets (ECM), with sector expertise in financial services, mining and telecommunications. Her experience is pan-African as well as domestic. She has spent the … Read more

SOUTH AFRICANS WILL DRAW THE SHORT END OF THE STICK IN EXPROPRIATION

The debated constitutional amendment will create an arbitrary hierarchy of standards, in which South Africans sit at the very bottom Parliament is debating two bills, one amending the property clause (section 25) of the constitution and another replacing the 1975 Expropriation Act to allow the state to take “land and any improvements thereon” without any … Read more

AFRICA CONSTRUCTION LAW WEEK

HSF is proud to support the work of Africa Construction Law (ACL) and will be participating in the West Africa sub-regional session of the upcoming inaugural virtual conference. The virtual conference will bring together experienced construction law professionals from across the continent (West, East, North, South, Francophone and Lusophone) to discuss the infrastructural challenges faced … Read more

HOW SELLERS CAN ENSURE THEIR ASSET OR BUSINESS IS LEFT IN GOOD HANDS

Higher commodity prices have historically led to a commensurate increase in merger and acquisition (M&A) activity within the natural resources sector. Extraordinary economic growth in China during the period 2002-2012 resulted in supply shortages, driving up global commodity prices. In its Global Mining Deals Outlook (2013), PwC reported that the aggregate value of global mining … Read more

THE ROLE AND IMPACT OF INSTITUTIONS CURSE IN PERPETUATING THE RESOURCE CURSE

When oil, natural gas, or similar natural resources are discovered the expectation is that their exploitation will dramatically and materially benefit the population of the host country. Notwithstanding this, developing nations frequently experience either (or both) increased corruption (through predatory rent-seeking) or paradoxically slower economic growth after the resources are discovered. This anomaly is often … Read more

CHAMBERS GLOBAL 2021 AFRICA-WIDE

Herbert Smith Freehills is pleased to announce that the firm’s Africa practice has once again performed strongly in the 2021 edition of Chambers Global & Partners, with continued top tier rankings in the following Africa-wide categories: Band 1 for Africa-wide: Projects & Energy for the 13th consecutive year Band 1 for Africa-wide: Projects & Energy: … Read more

THE EVOLUTION OF CLASS ACTIONS IN SOUTH AFRICA

Unlike development driven by legislative reform, the evolution of the common law through the process of judicial precedent takes time. Here, development only occurs when the courts are seized with a case worthy of an evolutionary push and this means that, even when deficiencies in the law are self-evident, one has to wait for the … Read more