header-logo header-logo

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

International justice: some African countries are hurting

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

    Harper James—Lottie Hugo

    Harper James—Lottie Hugo

    Commercial law firm announces appointment of corporate partner

    Carey Olsen—Patrick Ormond

    Carey Olsen—Patrick Ormond

    Partner joins corporate and finance practice in British Virgin Islands

    Dawson Cornwell—Naomi Angell

    Dawson Cornwell—Naomi Angell

    Firm strengthens children department with adoption and surrogacy expert

    NEWS
    Serial sperm donor Robert Albon has lost his bid for a declaration of paternity, ‘on the ground that to grant it would manifestly be contrary to public policy’
    The government is considering wholesale reform of consumer class actions—the ‘opt-out’ collective claims certified by the Competition Appeals Tribunal (CAT)
    A ‘sophisticated suspected fraud’ may have taken place at PM Law involving the improper removal and misuse of about £39.5m of client funds, the Solicitors Regulation Authority (SRA) has confirmed
    The Serious Fraud Office (SFO) will invest in technology to catch tech-reliant fraudsters and handle voluminous case materials
    Law firms enjoyed rapid, sector-wide growth in 2025, according to the Law Society’s latest annual Financial Benchmarking Survey
    back-to-top-scroll