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IFLR1000 Firms to Watch 2018 now available to read online

18 April 2018 by Ben Naylor

Welcome to the first edition of IFLR1000 Firms to Watch

News & Analysis

Mauritius: BLCR Deal Alert

30 November 2022 by BLC Robert & Associates

BLC Robert & Associates advised the co-mandated lead arrangers (MCB Financial Advisers and Société Générale Côte D’Ivoire) in relation to the EUR 135,000,000 debt financing for the acquisition of the current distributor of Caterpillar equipment, operating in 11 West African countries.
News & Analysis

Non-resident tax on Mauritius-source income

09 September 2022 by Ammar Oozeer, Senior Associate and Yashna Munbauhal, Associate, BLC Robert & Associates

Non-residents are generally liable to tax in Mauritius in respect of their Mauritius-source income. Section 74(1) of the Income Tax Act (the “Act”) provides examples of streams of income considered to be derived from Mauritius.
News & Analysis

The FSC brings welcomed changes to its recently issued Guidelines for Issue of Corporate and Green Bonds

14 June 2022 by Bhavna Ramsurun (Partner, Financial services), Vipin Jeerakun (Associate) - BLC Robert & Associates - Mauritius

On 23 December 2021, the Financial Services Commission (‘FSC’) published the Guidelines for Issue of Corporate and Green Bonds in Mauritius (‘Guidelines’). The purpose of the Guidelines is to supplement the Guide for the Issue of Sustainable Bonds in Mauritius issued by the Bank of Mauritius in June 2021 (‘BOM Guide’) by elaborating on various regulatory requirements to be adopted by the issuers of ‘Green Bonds’ in line with international best practices and the Guidelines go further by also regulating the issuance of corporate bonds which do not have a ‘green’ element.
News & Analysis

The Settlement Framework – An Overview of its Application in Practice

12 May 2022 by Vipin Jeerakun (Associate), Neelesh Kowlesser (Associate) - BLC Robert & Associates - Mauritius

At an awareness session on the Settlement Procedure conducted by the Financial Services Commission (the “Commission”) on the 12 April 2022, the Chief Executive of the Commission stressed that the Settlement Committee is not a ‘whitewashing’ instance and that settlement discussions might take place in parallel with any investigation, inquiry or referral to the Enforcement Committee which have already started. This means that, if the Settlement Committee is not satisfied with the representations of a licensee, the normal enforcement process will be pursued potentially with harsher sanctions than what would have been settled for.

News & Analysis

Virtual Asset and Initial Token Offering Services – New regulatory regime

06 April 2022 by Ammar Oozeer (Senior Associate), Neelesh Kowlesser (Associate) - BLC Robert & Associates - Mauritius

With the coming into operation of the Virtual Asset and Initial Token Offering Services Act 2021 (the “Act”) on 7 February 2022, Mauritius is seeking to become a jurisdiction of choice for investors to conduct business in virtual assets. This Act comes at an opportune time when there is an increase in interest from investors.
News & Analysis

Mauritius: LIBOR - where we are now

30 March 2022 by Shane Mungur (Senior Associate) and Leticia Esther (Associate), BLC Robert & Associates

31st December 2021 marked a long-anticipated landmark in the global financial market; with a few exceptions, the publication of the London Interbank Offered Rate (“LIBOR”) has ceased.

News & Analysis

Ten things to retain from the FSC Handbook on Anti-Money Laundering and Countering the Financing of Terrorism

03 February 2020 by Iqbal Rajahbalee, Usaama Dauharry

In the wake of the recent spate of legislative update, the Financial Services Commission (the “FSC”) issued its much awaited Anti-Money Laundering and Countering the Financing of Terrorism Handbook (the “Handbook”). In its press release announcing the issuance of the Handbook, the regulator posits that this document “consolidates the Commission’s guidance on anti-money laundering, financing of terrorism and financing of proliferation of weapons of mass destruction”. The Handbook touches on a number of key items ranging from corporate governance to record keeping and employee screening.

News & Analysis

The Financial Services Commission issues the Anti-Money Laundering and Countering the Financing of Terrorism Handbook

15 January 2020 by BLC Robert & Associates - Mauritius

The Parliament of Mauritius has recently taken a number of steps to strengthen its anti-money laundering and countering financing of terrorism framework in Mauritius.

News & Analysis

Major Transaction: Non-Compliance and recourse available to shareholders

31 May 2019 by Yashfir Beeharry and Kawthur Soreefan

BRIEFING: Mauritius, 31 May, 2019

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