Afrique du Sud

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eAlerts Récentes

  •  
    07/02/2024
    Afrique du Sud

    New Draft Regulations on the Proposed Numerical Sectoral Targets

    On 1 February 2024, a second round of draft regulations on the Proposed Numerical Sectoral Targets ("February 2024 Regulations") were published for public comment in the Government Gazette. The February 2024 Regulations are currently open for comment for 90 days from the date of publication (ending on 2 May 2024).Under these regulations, the Minister of Employment and Labour ("Minister") can classify different national economic sector targets that will define which companies, that operate in South Africa, will be deemed "designated employers". The classification of a designated employer will be...
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  •  
    19/01/2024
    South Africa

    The van Wyk case and Parental Leave Entitlements

    Some parents will no longer be more equal than others.BackgroundSouth African employment law has often led the charge on encompassing our Constitution and giving effect to our Bill of Rights. In October 2023, further and significant strides were made in achieving this aim by ensuring a fairer and more equal treatment for all parents.The High Court judgment in Werner van Wyk and others v Minister of Employment and Labour (“van Wyk case”) has confirmed the unconstitutionality of certain sections of the Basic Conditions of Employment Act 75 of 1997 (BCEA) and the Unemployment Insurance...
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  •  
    19/01/2024
    International

    CBAM: Just over a week to comply

    As the deadline for the first Carbon Border Adjustment Mechanism (CBAM) report approaches on January 31st, it is crucial for undertakings engaged in importing relevant goods into the European Union to understand their obligations - which take practical effect this month. The CBAM, established by Regulation (EU) 2023/956, represents a significant step in the EU’s efforts to combat climate change and carbon leakage, aligning with the overarching goals of the European Green Deal and the Paris Agreement.Key Practical Points on CBAM:Scope of CBAM: This mechanism applies to specific goods listed...
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  •  
    09/01/2024
    International

    Further transparency rules come into force: The US Corporate Transparency Act will require action by overseas companies

    The US Corporate Transparency Act (the “CTA”) came into force on 1 January 2024. Going forward, certain entities (“reporting companies”) will be required to file new online beneficial ownership information reports (“BOI reports”) with the US Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). Many US and foreign companies will be required to file these reports.The CTA is part of a long-standing US federal effort to reduce money laundering at small corporations operating in the US by improving the transparency of corporate...
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  •  
    09/01/2024
    International

    Justice in the Digital Age: Exploring AI’s Role in International Arbitration

    IntroductionThe use of artificial intelligence (“AI”) in international arbitration has been a topic of debate and discussion long before the launch of chatbot ChatGPT in late November 2022.  Indisputably, the adoption of AI tools by the legal profession provides myriad benefits to both clients and legal practitioners.  For instance, the deployment of programs to undertake cumbersome, high volume, resource intensive legal research and document reviews with significantly greater efficiency and corresponding net time / costs savings. With increased use of AI in the legal...
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  •  
    02/01/2024
    International

    Tackling the misuse of crypto-assets for ML-TF purposes

    As a constantly evolving sector, the crypto-assets ecosystem presents continuous challenges, particularly in terms of money laundering and terrorist financing (ML-TF) risks.To tackle the misuse of crypto-assets for ML-TF purposes, it is necessary to subject players active in this sector to anti-money laundering and counter terrorist financing (AML-CTF) supervision. Consequently, such players have been progressively included within the AML-CTF framework.The framework initially covered professionals operating “virtual assets”. This scope has been amended to refer to professionals dealing...
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