Dentons - South Africa Newsletter

Effects of reinstatement of a deregistered company

December 15, 2015

Since the promulgation of the Companies Act 2008 (the Act), there has been a lack of clarity regarding the effect of the reinstatement of a deregistered company in terms of the Act. In particular, it was not certain whether the reinstatement of a deregistered company under the Act automatically retrospectively validates the corporate actions of the relevant company during deregistration, or whether a court order is required for these purposes.

Private equity in Africa: subscription credit facilities on the rise

December 15, 2015

Private equity (PE) investment in Africa is changing. Fund managers are adopting facilities that are used in developing markets, such as subscription credit.

Carbon finance in China

December 15, 2015

On April 21st, China’s cabinet published the Notice of Establishing Guangdong Free Trade Zone, by which the government has confirmed Guangdong is allowed to open the country’s first carbon futures exchange. Although throughout the whole publication there is only one sentence stating the possibility of launching this brand-new project, what can be assured is that the project will be undertaken very soon, with the backing of government.

Sanctions against Iran: keep calm – there's no change yet

December 15, 2015

On 14 July 2015, Iran and a group of countries comprising the USA, the UK, France, Russia, China and Germany agreed on a Joint Comprehensive Plan of Action on Iran’s nuclear programme. Completion of the JCPoA should lead to the lifting of various sanctions currently in place against Iran and relating to Iranian business. This article explains what will change and when.