Managers of Wealth Africa

A rise in January divorces in South Africa – and the rule you should be aware of

A Rule 43 application is one in which the High Court provides for interim assistance during divorce actions.

Gowling Corporate Team Advises Finncap

The acquisitions comprise the purchase by GRIT of certain shares in Gateway Real Estate Africa Limited and Africa Property Development Management Limited.

Mozambique: Court Dismisses Charge of Forex Market Manipulation by ex-Standard Bank Manager

The central bank said that the former CEO of Standard Bank committed serious offences, alleging that he deliberately manipulated the forex market and authorised the implementation of an illegal payment network based outside the country (in Frankfurt, Germ

Clifford Chance named Africa-wide Corporate Law Firm of the Year and Morocco Law Firm of the Year

To be named Africa-wide Corporate Law Firm of the Year exhibits the extent to which our work continues to be popular with clients across several sectors in Africa and has allowed them to continue to invest and operate, despite the challenging market envir

Ex-Dubai bank chair, former KQ bosses charged over Sh0.5bn theft

They allegedly committed the offence between 2013 and 2015 at Dubai Bank, which is currently under liquidation.

Banque Atlantique Cameroun: CEMAC court of justice reinstates suspended directors

The court of justice has not yet ruled on the nullification appeal but the decision published by the Ndjamena (Chad)-based court clearly approves of a stay of the decisions dismissing the directors.

White & Case Advises Controlling Shareholders on Sale of Union Bank of Nigeria

Union Bank of Nigeria was established in 1917 and is one of Nigeria's long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

Crackdown on illegal financial services providers underway

The joint committee is made up of representatives from FCCPC, the Central Bank of Nigeria and the Economic and Financial Crimes Commission.

Kenya’s central bank top bosses face legal battle over Imperial Bank closure, liquidation

Law firm Ahmednasir, Abdikadir and Company Advocates argues that the process of placing Imperial Bank under statutory management was unlawful.

BoG forwards suspected financial crime cases to EOCO for investigations

Following BoG’s preliminary investigations which have shown that these claims are fake, BoG has referred such matters to EOCO for further investigation.

Appleby nominated for Mauritius Business Award

Malcolm Moller, Managing Partner of Appleby’s Mauritius office said “We are delighted to have been nominated for this award which is a direct reflection of our team’s commitment and dedication to helping clients meet their business objec

Change on “Loop” Structures Opens up Bermuda, BVI, Cayman, Guernsey and Jersey Wealth Structuring Options for South Africa Residents

In simple terms a “loop” structure was generally created when South African resident individuals, companies, trusts and private equity funds transferred funds or assets from South Africa into a foreign structure

What is required of an employee to prove an equal pay for equal work claim?

The LAC held that the facts did not show that any of the three comparators mentioned by the employee justified the conclusion that the salary differentiation was based on a prohibited ground of discrimination.

'Desperate’ Daniel Ofori engaging in ‘misplaced measures’ – Ecobank on legal tussle with businessman

Ecobank pointed out that “this is simply a desperate and misplaced measure on the part of Daniel Ofori in the light of the current proceedings before the Supreme Court”.

2 former government officials appear before Seychelles' Supreme Court in missing $50 million case

The case was brought to court by the Anti-Corruption Commission of Seychelles (ACCS).

Watchdog details how it intends to search and seize evidence at auditors' premises,

The draft Disciplinary Rules are open for public comment until 18 January 2022.

Enforcement of local and foreign arbitral awards in South Africa

The development of an online filing system and the creation of an AFSA Southern African Development Community (SADC) division with a panel of International commercial arbitrators are a welcomed advancement.

Enforcement of local and foreign arbitral awards in South Africa

The need to do this typically arises where the opposing party in arbitration against which the award has been issued refuses to comply with the arbitral tribunal’s decision.

Ex-Pensions Boss Heads to Jail

A former chairman of the Pensions Reform Task Team (PRTT) in Nigeria, has been convicted and sentenced to eight years imprisonment for money laundering and other charges, reports Alfred Olufemi.

Two Nigerian banks were rebuked for their role in a $4 million theft from pensioners

Okon Abang, a judge at a federal high court in Abuja, sentenced Maina to eight years in prison on Nov. 8 after finding him and his company guilty of all twelve counts (essentially of money laundering) filed by the Economic and Financial Crimes Commission

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