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The Virtual Asset and Initial Token Offerings Services Bill was passed by the National Assembly of Mauritius on 10 December 2021 which is now known as The Virtual Asset and Initial Token Offerings Services Act 2021 (the “Act”). The Act which is yet to be proclaimed before coming into force, will regulate the new and developing…

What is Transfer Pricing? Transfer pricing, also known as transfer cost, is the price at which related parties transact with each other, such as during the trade of supplies or labour between departments. In other words, transfer pricing is the price that is paid for goods or services transferred from one unit of an organization…

Swiss Trusts: A New Dawn (along with a timely reminder about licensing) It is perhaps odd to start an article about Swiss trusts noting that, as things currently stand, there is no formal Swiss trust Law in Switzerland. Stranger still to note that a significant amount of trust administration is undertaken here. There is a…

What is a Trust? A trust is a legally binding arrangement whereby a person (known as a settlor) transfers assets to another person (known as a trustee) who is entrusted with legal title to the trust assets, not for their own benefit, but for the benefit of other persons (known as beneficiaries – who may…