The Bill is yet to be tabled to the National Assembly. The language of the laws to be in Kiswahili. The language of the courts, tribunals and other bodies shall also be Kiswahili Circumstances where English may be used in dispensing justice. The Minister may determine situations where a law can be written in another […]
PROCEDURAL ASPECTS OF MERGERS IN TANZANIA
Concept of mergers in Tanzania Notification procedures for a merger Process of examination as assessment of mergers Consequences of Breach of merger approval conditions or obligations 1.0 Introduction A merger means an acquisition of shares, a business or other assets, whether inside or outside Tanzania, resulting in the change of control of a business, […]
PROCEDURAL GUIDANCE TO INVESTORS DURING MANAGEMENT BUYOUTS
Concept of a management buyout Rationale of management buyout Process of executing a management buyout and due diligence processes encompassed Advantages and disadvantages of a management buyout 1.0 Introduction A management buyout (MBO) is a transaction where a company’s management team purchases the assets and operations of the business they manage. It is a type […]
CORPORATE LAW UPDATE: A LOOK INTO THE TANZANIA NON-GOVERNMENTAL ORGANIZATIONS (AMENDMENTS) REGULATIONS, 2018 ON FINANCIAL TRANSPARENCY AND GENERAL ACCOUNTABILITY
Brief of the new legal requirements for Non-Governmental Organizations (NGOs) in Tanzania Summation of the provisions of the Non-Governmental Organizations Act (Amendments) Regulations, 2018. Money Laundering and Anti-Corruption compliance measures are introduced How International NGOs in Tanzania need to adapt to the current legal changes Final thoughts and conclusion. 1.0. Introduction: On 29th October, 2018, […]