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30 November 2022 by
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.
09 September 2022 by
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.
14 June 2022 by
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.
12 May 2022 by
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.
06 April 2022 by
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.
30 March 2022 by
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.
06 May 2021 by
Partner at BLC Robert & Associates in Mauritius Valerie Bisasur on how her mentality helped overcome discrimination in her early career and how the environment in Mauritius has improved greatly but till requires work
03 February 2020 by
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.
15 January 2020 by
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.
31 May 2019 by
BRIEFING: Mauritius, 31 May, 2019