The Courtroom and the Chatbot: Food for thought on AI-generated misinformation
With the advent of large language models (‘LLMs’), the use of artificial intelligence (‘AI’) in the legal sector is becoming increasingly prevalent – from conducting legal research to drafting legal documents. In the past few months, a series of judgments from courts around the world has addressed the implications of lawyers’ reliance on AI-generated information […]
An AI Legislation for Mauritius: Fundamental Considerations
Mauritius Finance has published its latest quarterly magazine, showcasing a series of insightful thought leadership articles that explore the power of harnessing AI and blockchain and harnessing their potential for Mauritius as an IFC. The magazine highlights how these cutting-edge technologies can propel Mauritius into the digital age while strengthening its capacity for growth and […]
Structuring your investment vehicle in Mauritius: Global business company or Authorised company?
With its established reputation as a politically stable country having an environment conducive to doing business, the Mauritian jurisdiction has seen around MUR 15.9 million of foreign direct investment flows for the first half of 2024, representing a 17.8% increase compared to the figures for the same period in 2023[1]. The growing appetite of investors […]
The importance of constitutive documents: Avoiding boardroom and shareholder disputes
In smaller companies, the business activity itself takes the spotlight and, at the early stages of the entrepreneurship journey, partnerships more often than not are optimistic and have little regard to the constitutive documents of the company. However, the downside of not formalising the arrangement between the business partners may lead to future disputes. In […]
Financial Crimes Commission Act: moving the game forward for Mauritius?
Introduction On the back of joining top-tier jurisdictions that are ‘compliant’ or ‘largely compliant’ with all the 40 FATF Recommendations, the Parliament has recently voted in favour of a new Financial Crimes Commission Act (the “FCCA”). The FCCA, which represents a significant step in the jurisdiction’s fight against financial crimes, received presidential assent on 21 […]
Finance Act 2024: An overview for businesses
The Finance (Miscellaneous Provisions) Act 2024 was gazetted on 27 July 2024. It legislates the measures announced in the Minister of Finance’s Budget Speech 2024-2025. While this summary document does not cover every aspect of the legislation, it aims to highlight the key provisions that affect the business community. This note does not amount to […]
Minority shareholder’s claim for compensation against oppressive majority shareholders and directors under s.178 of the Companies Act
In the case of Heeraman v. Cherval & ors [2023 SCJ 513], the Applicant complained that as a minority shareholder he was prejudiced by the acts and doings of the Respondents, who were the majority shareholders and directors. He complained that the acts and doings of the Respondents were oppressive, unfairly discriminatory and unfairly prejudicial […]
Finance Act 2023 Briefings
The team at Orison Legal comments on some of the changes brought by the Finance Act (Miscellaneous Provisions) 2023.
Finance Bill 2023 – An overview for businesses
On 07 July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2023 into the National Assembly. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s Budget Speech 2023-2024. The Bill will be debated and voted at the National Assembly in […]
The Supreme Court’s hard line on statutory time limits
The recent Supreme Court judgment of AAWM Services Ltd (In Liquidation) v. Assessment Review Committee & D.G. Mauritius Revenue Authority delivered on the 23 June 2023 once again highlighted the importance for tax representatives to strictly comply with statutory limitation periods when representing clients whether before the MRA, the ARC or on appeals before the […]