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Africa: A continent on the rise

Africa: A continent on the rise

By Marilize Jerling, MJD Law, Johannesburg, South Africa, 09 Jun 2023

Africa presents a wealth of opportunities for investors, boasting a youthful and rapidly expanding population, vast natural resources, a burgeoning middle class, and a commitment to economic reforms. With many African economies still in the nascent stages of development, it presents a unique opportunity for investors to tap into a market that is poised for growth and the potential to yield higher returns compared to established and mature markets. Thus, investing in Africa can offer a high growth potential and profitability, making it an attractive option for those seeking to diversify their portfolios beyond developed economies.

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11 Jan 2024

Take aways on the government of Florida's prohibitions on acquisition of real property in Florida by foreign principals

Florida’s new law, the Conveyances to Foreign Entities Act (the "Act"), Sections 692.201 – 205, Florida Statutes, went into effect on July 1, 2023, and redefined the Florida real estate market for foreign purchasers from seven “countries of concern.” The Act requires those foreign purchasers to determine whether they are Foreign Principals prohibited from acquiring or owning real property in Florida, whether they are subject to registration requirements, or whether they are required to dispose of such real estate. Non-compliance renders the real property subject to forfeiture and sale of such real property (subject only to the rights and interests of bona fide lienholders) and risks daily fines of $1,000 and criminal penalties.

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21 Nov 2023

The Corporate Transparency Act takes effect on January 1, 2024 – does your company have to report its beneficial owners to the federal government?

Effective on January 1, 2024, the U.S. Corporate Transparency Act (CTA) will require “reporting companies” to disclose to the U.S. government’s Financial Crimes Enforcement Network (FinCEN) details of their “beneficial owners”.

With the CTA, Congress has passed one of the most significant and sweeping laws affecting LLCs and companies doing business in the United States – covering both domestic and foreign entities – in the most aggressive effort to date against illicit terrorist financing, fraud and money laundering.

This client alert discusses the CTA’s reach and exceptions and disclosure obligations, which are retroactive and go well beyond any disclosure previously expected.

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27 Oct 2023

Globalaw Foundation supports APAV the Portuguese Victim Support Association during GLAMM 2023

The Portuguese Victim Support Association, APAV, received a donation of €8,000 from the Globalaw Foundation at the Globalaw Annual Meeting on October 27th, 2023. The Globalaw foundation gives back to communities and organizations in need, with a focus on legal education and access to justice.

Read the full press release here

27 Oct 2023

Globalaw elects new President ahead of its 30th anniversary

Globalaw, an international network of independent law firms, that provides its members with a global platform to serve their clients’ legal needs, is pleased to congratulate Peter J. Brown as its new President following Globalaw’s Annual Members Meeting in Lisbon, Portugal on the 27th October 2023.

Read the full press release here.