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Middle East & Africa
Finance
Charges, Mortgages, Indemnities
Mauritius
Appleby
This is the second in a series of Mauritius Regulatory Alerts in which we bring you an overview of the latest legal and regulatory developments in the offshore world, with a particular focus on Mauritius.
Nigeria
Resolution Law Firm
There are various land documents in Lagos relevant to buying a house in Lagos Nigeria.
Resolution Law Firm
Lawyers in Nigeria undertake different forms of legal services and represent clients for various legal services.
LeLaw Barristers & Solicitors
Nigeria's Real Estate (RE) sector is reckoned to be the sixth largest in the economy. However, as at November 2018, Nigeria still had an unimpressive low home ownership rate of 25%, compared...
Sefton Fross
According to Roy Goode, a financier taking security for an advance is concerned to see that if the debtor's assets are insufficient to meet the claims of all his creditors, the financier will at least be...
LeLaw Barristers & Solicitors
The FGFR provides the regulatory framework for FG's finance and accounting procedures.
Tunde & Adisa
Secured creditors have greater options than unsecured borrowers in insolvency.
PwC Nigeria
Nigeria's House of Representatives has proposed a Bill for an Act to provide for tax relief, suspension of import duty on selected medical goods and deferral of residential mortgage obligations.
AAA Chambers
To maintain and grow a functional economy, investors often require loans which are made available by commercial banks and other financial institutions using its depositors' funds upon security furnished for the repayment of such loans by the borrowing investors.
PwC Nigeria
The amendments to section 27 will come as good news to many taxpayers. It will however be bad news or a mixed bag for some others. For now, the main casualties are taxpayers whose businesses are...
AELEX
The Central Bank of Nigeria ("CBN") recently reintroduced bank charges on select cash deposits and withdrawals in the country.
TNP
On 20th October 2019, MTN subscribers received a love letter from MTN.
South Africa
Adams & Adams
A mortgage bond is registered when an owner of immovable property uses the property as security to raise funds from a bank or other financial institution.
ENSafrica
The Stamp Duty Amendment Act 2014, has been amended by the Stamp Duty Amendment Act of 2020 (the "Amendment")
Adams & Adams
When a bank approves a loan facility, it will typically require the registration of a mortgage bond over the borrower's immovable property in order to secure the debt.
Adams & Adams
When banks advance funds to clients prior to the lodgement of a mortgage bond at the Deeds Office, they must take cognisance of the effect of Section 88 of the Insolvency Act.
Tanzania
Clyde & Co
On the 11th May 2020, the Court of Appeal issued a judgment in the case of Hadija Issa Arerary v. Tanzania Postal Bank. The Court of Appeal considered what amounts to reasonable steps...
Uganda
Bowmans
On 7 October 2020, the High Court of Uganda issued a ruling (Decision) in M.A No. 64 of 2020; Ham Enterprises Uganda and Others v Diamond Trust Bank (U) Ltd and Diamond Trust Bank (K) Limited...
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
From asking your bank for a mortgage payment holiday or knowing where you stand when it comes to defaulting on your payments, legal experts in the United Arab Emirates explain
Clyde & Co
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, banks in Dubai are now offering a comprehensive relief package to help customers ease financial burdens.
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