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 […]
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 […]
Trusts versus Foundations: Estate planning and asset protection in Mauritius
Mauritius Finance recently published the 8th Edition of their quarterly magazine on using Mauritius as a wealth management hub for the region. Tania Li and Yoshinee Radhoa contributed to the publication and analysed the pros and cons of using trusts and foundations in Mauritius in estate planning and ensuring the protection of assets. The article is […]
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 […]
Finance Bill 2024: Part 2 – What’s changing in the Mauritius global business and financial services sectors
In the second part of this series, we consider the key changes that the Finance (Miscellaneous Provisions) Bill 2024 proposes to bring to the global business and financial services sectors. To receive our summary of the legislation when it is enacted in a few weeks, sign up for our email briefings. Applications to the Financial Services […]
New FSC Guidelines on Regulatory Sandbox Licence
The Financial Services Commission (the ‘FSC’) has recently announced the setting up of FSC Finnovate, the new fintech innovation hub, a measure previously highlighted in the 2021/2022 budget speech. The principle behind it is to improve the competitiveness and to reinforce the position of Mauritius as a leader in fintech and artificial intelligence offerings in […]
Financial inclusion through fintech: how Mauritius can play an even greater role for Africa
This article was published in Mauritius Finance Magazine, 6th Edition. A PDF copy is available to download here. According to World Bank estimates, around 60% of adults in sub-Saharan Arica are unbanked. Lack of money, distance to the nearest financial institution and insufficient documentation are some of the major hurdles preventing these people from accessing banking services. […]
Finance Act 2023 Briefings
The team at Orison Legal comments on some of the changes brought by the Finance Act (Miscellaneous Provisions) 2023.