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News & Analysis
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10 things banks and financial institutions should know about lending through Mauritius

16 February 2017 by Valerie Bisasur

Valerie Bisasur of BLC Robert & Associates in Ebene discusses lending practices in Mauritius
News & Analysis
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Africa tax in brief

22 September 2016 by Celia Becker

Celia Becker of ENSafrica in Johannesburg discusses tax amendments across Africa
News & Analysis

The Recognition and Enforcement of Foreign Arbitral Awards – A Bird’s Eye View from Mauritius

11 December 2022 by Moorari Gujadhur | Vithil Dabee

Until 1996, the enforcement of arbitral awards in Mauritius was governed by the Mauritian Code de Procédure Civile. This was a rather old-fashioned regime based on French law and adopted in 1808 and had not been amended to cater for the realities of the modern commercial world. In 1996 Mauritius ratified The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the “New York Convention”.
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

Mauritius - Guide to Mauritius Limited Partnerships

11 September 2022 by Moorari Gujadhur | Vithil Dabee

The Limited Partnerships Act 2011 of Mauritius (the “LP Act”) came into force on 15 December 2011 and introduced a new legal entity – the limited partnership - to the panoply of vehicles through which business can be carried out in the Mauritius International Financial Centre. The introduction of the new Mauritius Limited Partnership makes available a recognisable and flexible vehicle to US and European private equity funds which use Mauritius as a portal to access the investment opportunities of the African and Asian markets. The availability of the Mauritius Limited Partnership thus consolidates Mauritius’ position as an international financial centre of choice.
News & Analysis

Recognition and Enforceability of Close-out Netting and Set-off Provisions under Mauritian Law

11 September 2022 by Moorari Gujadhur | Vithil Dabee

The Mauritian Parliament undertook an overhaul of the insolvency regime in 2009 by passing the Insolvency Act No. 3 of 2009 (the “Insolvency Act”). The model upon which the netting arrangements have been enacted under the Insolvency Act is based on the 2006 Model Netting Act by the International Swaps and Derivatives Association.
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.
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