Diversified industrials leading the way in mergers and acquisitions

Diversified industrials leading the way in mergers and acquisitions

Diversified industrials leading the way in mergers and acquisitions

Transaction activity is healthy in the world’s largest sector, diversified industrial, according to law firm Hogan Lovells. Diversified industrial companies include manufacturing, chemicals, transportation, logistics, construction and engineering, and are perfectly placed to take advantage of deal-making opportunities, said Detlef Hass, head of Hogan Lovells’ diversified industrials sector group. He explained: “Because of their diverse portfolios, the recent pickup in…

Change is the new normal

Change is the new normal

Change is the new normal

Legislative reform is a key area of concern for corporates, and risk managers should be aware of the potential for legal change to fundamentally alter the risks that they face, as Max Ebrahim and David Wynn, of Clyde and Co, discuss   Legal systems are subject to political, social, and economic pressures, and once a need for change is identified,…

New law firm members boost francophone Africa legal group

New law firm members boost francophone Africa legal group

New law firm members boost francophone Africa legal group

Africa Legal Network (ALN) has signed up three new members as part of its strategy to expand into francophone Africa. The new members are based in Algeria, Guinea and Morocco and joined as of 1 May. Since October last year, the alliance has welcomed six new member firms, bringing ALN’s coverage to 16 countries, making it the largest legal alliance…

NGN17bn netted in two months by Nigeria’s anti-corruption commission

NGN17bn netted in two months by Nigeria’s anti-corruption commission

NGN17bn netted in two months by Nigeria’s anti-corruption commission

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has recovered more than NGN17 billion in the past two months, through a whistleblower policy designed to reward persons that leak locations of stolen funds. Ibrahim Magu, acting chairman of EFCC, put the recoveries in perspective: “Apart from several other recoveries running into several billions of naira, the recent whistleblower…

Fuelling culture of corruption in Nigeria?

Fuelling culture of corruption in Nigeria?

Fuelling culture of corruption in Nigeria?

Recent media reports that Shell has admitted for the first time that it negotiated a deal with a convicted money-launderer in the process of seeking lucrative oil contracts in Nigeria is not unexpected news given the mountain of such allegations against the oil giant in the country through the decades. In Nigeria, Shell is synonymous with the oil industry. The…

Kenya’s new Bribery Act set to make major changes

Kenya’s new Bribery Act set to make major changes

Kenya’s new Bribery Act set to make major changes

Risk managers in Kenya – or anyone with business interests in the east African state – need to be aware of a new Bribery Act, set to come into force. Speaking at KPMG’s two-day ‘It is Time for Change’ conference in Mombasa, Simon Dwyer, head of KPMG’s forensic advisory department in east Africa, warned: “The new Bribery Act impacts on…

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks are surfacing closer to home for western companies at the very time that legislation to clamp down on abuses strengthens and increases scrutiny on business practices, warns a new report from Verisk Maplecroft. The report also says that supply chain due diligence to track and prevent human right violations is not fit for purpose. Verisk Maplecroft’s Human…

Data protection a real challenge across Africa

Data protection a real challenge across Africa

Data protection a real challenge across Africa

The European data protection framework is currently undergoing deep mutations, warns one French lawyer. Merav Griguer, a partner in the French office of law firm Bird & Bird, said Europe’s new General Data Protection Regulation (GDPR), passed on 27 April 2016, will be enforceable from May 2018. It will bring important changes to the applicable rules and will enhance the…

African states amend private public partnership rules

African states amend private public partnership rules

African states amend private public partnership rules

A number of African states, including Benin, Mali and Tunisia, have amended their public-private partnership (PPP) rules, according to lawyers at Bird & Bird. In Benin, the firm said: “The National Assembly has adopted a law on the legal framework for public-private partnerships in Benin. In addition to the classic distinctions provided for in the UEMOA directives (notably public service…

Private equity poised for African growth

Private equity poised for African growth

Private equity poised for African growth

Despite numerous economic, political and regulatory risks faced by investors, private equity in South Africa continues to deliver long-term sustainable returns for its stakeholders and has outperformed major listed equity indices for the past decade. That is the view of Lizelle Acker, senior associate at Hogan Lovells Johannesburg. She said private equity continues to attract significant funding from local and…

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