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

    Gilson Gray—Linda Pope

    Gilson Gray—Linda Pope

    Partner joins family law team inLondon

    Jackson Lees Group—five promotions

    Jackson Lees Group—five promotions

    Private client division announces five new partners

    Taylor Wessing—Max Millington

    Taylor Wessing—Max Millington

    Banking and finance team welcomes partner in London

    NEWS
    The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
    Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
    Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
    Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
    Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
    back-to-top-scroll