header-logo header-logo

International justice: some African countries are hurting

07 February 2019 / Jonathan Fisher KC , Anita Clifford
Issue: 7827 / Categories: Features , Tax , Fraud
printer mail-detail

As part of an occasional series on international justice & the Rule of Law in other jurisdictions, Jonathan Fisher QC & Anita Clifford tackle misconceptions about corruption & international contract negotiations

 

 

  • Transfer pricing and double taxation.
  • Stabilisation clauses.
  • Contract modelling.
  • International support.
  •  


    Some African countries are hurting badly, as we learnt at the end of last year during our visit to Kenya to participate in a regional dialogue on contract negotiation and fiscal policies in the extractive industries. The dialogue had been organised by NEPAD which is the implementing agency of the African Union, and we had been asked to lead dialogue sessions on fiscal leakage and illicit financial flows in Africa’s extractive industries. Fiscal leakage is a polite term for tax evasion, and illicit financial flows is euphemistic language for corruption.

    Interestingly, the participants were senior government officials from their countries’ Ministry of Natural Resources and Ministry of Finance, with responsibility for contract negotiation, fiscal regime building and fighting illicit financial flows at the national

    If you are not a subscriber, subscribe now to read this content
    If you are already a subscriber sign in
    ...or Register for two weeks' free access to subscriber content

    MOVERS & SHAKERS

    Freeths—Ruth Clare

    Freeths—Ruth Clare

    National real estate team bolstered by partner hire in Manchester

    Farrer & Co—Claire Gordon

    Farrer & Co—Claire Gordon

    Partner appointed head of family team

    mfg Solicitors—Neil Harrison

    mfg Solicitors—Neil Harrison

    Firm strengthens agriculture and rural affairs team with partner return

    NEWS
    Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook
    The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
    Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
    The dangers of uncritical artificial intelligence (AI) use in legal practice are no longer hypothetical. In this week's NLJ, Dr Charanjit Singh of Holborn Chambers examines cases where lawyers relied on ‘hallucinated’ citations — entirely fictitious authorities generated by AI tools
    The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
    back-to-top-scroll