OVERVIEW OF THE CEMAC REGULATION OF 21 DECEMBER 2018 ON EXCHANGE CONTROL

Authors: Bertrand Montembault, Louis de Longeaux and Erwann Nicot On 21 December 2018, the Ministerial Committee of the Central African Economic and Monetary Community (Communauté Économique et Monétaire de l’Afrique Centrale or “CEMAC“), a regional organisation that was established for the purpose of creating an economic and monetary union among its member States, adopted Regulation … Read more

LAGOS DRINKS RECEPTION

  An HSF team including Martin Kavanagh, Nina Bowyer, Will Breeze, Chris Parker, James Doe, Olivier Binyingo and Joanne Elson are hosting a drinks reception for clients and contacts in Lagos on Thursday 17 October. We would be delighted if you could join us as it will be an excellent opportunity to catch up with … Read more

SECURITIES CLASS ACTIONS

Authors: Harry Edwards, Simon Clarke and Jonathan Ripley-Evans Businesses around the globe have long faced the risk of securities class actions – the prospect of facing claims which are brought by large numbers of disgruntled investors alleging ‘stock drops’ (falls in share prices) as a result of flaws in their public disclosures or documentation. The … Read more

FINANCIAL SERVICES LITIGATION – SOUTH AFRICA

Authors: Peter Leon and Jonathan Ripley-Evans  Common causes of action: What are the most common causes of action brought against banks and other financial services providers by their customers? Customers have historically lodged complaints alleging unfair contractual terms or treatment, or other practices prohibited by statute, with one or more of the relevant industry regulators, … Read more

HERBERT SMITH FREEHILLS SUPPORTS “THE AFRICAN PROMISE”

Authors: Paula Hodges QC, Jonathan Ripley-Evans and Gregory Travaini  International arbitration does not lack critics. A particularly common criticism is the absence of cultural and ethnic diversity among arbitrators. In the words of Sarah François-Poncet of Salans, some twenty years ago, the usual suspects are ‘pale, male, and stale’. Despite numerous initiatives to support and … Read more

CLIMATE CHANGE: SUCCEED IN A LOWER-CARBON FUTURE

Authors: Silke Goldberg, Ben Rubinstein and Dr Matthew Burnell In a 2019 global survey, 1,250 CEOs rated environmental / climate change risk the single biggest threat to business growth.1  DOWNLOAD THE GUIDE The race is on for businesses to understand their environmental impact and to manage the legal risks to succeed in a lower-carbon future. … Read more

‘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