{"title":"AfCFTA and Investor Protection in the Securities Market: Prospects for Proactive Regulation","authors":"C. Ajibo","doi":"10.54648/bula2024002","DOIUrl":"https://doi.org/10.54648/bula2024002","url":null,"abstract":"The emergence of investment opportunities afforded by the African Continental Free Trade Area (AfCFTA) Agreement epitomizes a deft move by the African countries to tailor the development dynamics in their favour. Although the AfCFTA is full of promise, it also presents challenges to regulatory authorities in the sphere of fraudulent investment practices. While the existing regulatory framework is ill-prepared for regulation and the regulatory authorities have not adverted their mind to the significance of regulation of this emerging area of investment opportunities, potential fraudsters are busy fine-tuning their schemes. The paper assesses the emerging investment opportunities under the AfCFTA and the imperative for proactive regulation of infractions through reliance on the depository structure.\u0000Securities, Investor Protection, Fraud, AfCFTA, Depositary","PeriodicalId":518117,"journal":{"name":"Business Law Review","volume":"39 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140532878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Vedanta and Okpabi: A Step Forward in Corporate Group Accountability?","authors":"Pilar Spotorno","doi":"10.54648/bula2024001","DOIUrl":"https://doi.org/10.54648/bula2024001","url":null,"abstract":"This paper examines the evolving landscape of corporate group accountability, with a focus on recent pivotal judgments by the UK Supreme Court in Vedanta v. Lungowe and Okpabi v. Shell. These landmark cases have highlighted the potential for parent companies to be held liable for the actions of their overseas subsidiaries, based on the duty of care under tort law. The paper delves into the broader implications of these decisions, including their significance in piercing the transnational corporate veil and their unintended consequences. It also explores the debate surrounding whether these rulings encourage or deter multinational corporations (MNCs) from disclosing corporate-wide policies and conducting human rights due diligence in their subsidiaries, impacting corporate social responsibility and international standards. The paper concludes by offering insights into potential solutions to address the complex issue of the ‘perverse incentive’ created by Vedanta and Okpabi.\u0000duty of care, corporate group accountability, transnational corporate veil, parental corporate liability, Shell, Vedanta","PeriodicalId":518117,"journal":{"name":"Business Law Review","volume":"40 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140533178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The English Law Doctrine of Frustration in the Context of the COVD-19 Pandemic","authors":"Felicia A. Grey","doi":"10.54648/bula2024004","DOIUrl":"https://doi.org/10.54648/bula2024004","url":null,"abstract":"This paper examines the extent to which the onslaught of the COVID-19 pandemic has affected the formation and execution of contracts in the United Kingdom. Using the English Law doctrine of frustration, it assesses how far foreseeability plays a role in determining whether contracts are frustrated. It examines concepts such as illegality, impossibility and frustration of purpose as well as case law to see what arguments can be used to support or deny liability for contractual terms. It argues that in many ways, frustration is narrowly constructed. The COVID- 19 pandemic and its aftermath, however, will encourage more creativity as legal systems revisit their provisions to accommodate the changing dynamics of the international system.\u0000English law, frustration, foreseeability, illegality, impossibility, frustration of purpose, COVID-19","PeriodicalId":518117,"journal":{"name":"Business Law Review","volume":"46 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140532798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}