ABAX - Adding value to global business

ABAX - Adding value to global business

ABAX Focus


  • DIFC Foundation

    In March 2018 the Dubai International Financial Centre (DIFC) introduced the Foundations Law DIFC Law No. 3 of 2018, for the establishment of foundations in DIFC. The new law is intended to provide more flexibility in relation to succession planning and wealth structuring for families in the GCC. It will allow the preservation of family legacy and ensure the smooth transition of successful busines...

  • BRICS Summit 2018

    Quod ali cibus est aliis fuat acre venenum This expression originates in Roman antiquity.  Whether the Roman poet and philoshopher Titus Lucretius Carus coined the expression in the first century BC, or merely repeated it, he is the oldest known reference.  The English derivative “One man’s meat is another man’s poison”. This expression aptly describes the world order being crazily - ...

  • Interview of Richard Lowé, Executive Chairman of Activa Insurance Group

    Good morning Mr. Lowe. I am very glad to see you again 3 years after our first interview. It will be an opportunity for you to keep us abreast of what has been happening within the Activa Group since 2015. To start with, how are things going for Activa currently in Africa. In our last meeting, you mentioned that your Group’s results had been impacted by the outbreak of Ebola in 3 of the cou...

  • Interview de Richard Lowé, PDG du Groupe d’assurance Activa

    Bonjour M. Lowe. Je suis très heureux de vous revoir après un premier entretien que nous avions eu en 2015. Ce sera l’occasion pour vous de nous tenir au courant principalement de l’évolution de votre Groupe Activa au cours de ces 3 dernières années. Pour une entrée en matière comment se porte aujourd’hui Activa sur le continent africain ? A l’époque où nous nous sommes parl...

  • Corporate Reputation and Corporate Governance

    The rise of reputational risk    Traditionally, companies face all sorts of risks: regulatory, physical, litigation, financial, interest-rate, country, market, etc. Increasingly, however, there is a risk that is topping boards’ concern worldwide, and that is reputational risk. Reputational risk can be defined as a threat or danger to the good name or standing of a business.  It can occu...

  • Employee Retention Schemes

    Employees are considered to be the most valuable asset of a company. Employee retention is becoming more and more important to help companies maintain their competitive edge. Keeping this valuable asset is one of the main challenges faced by modern businesses.  A high turnover rate leads to an increase in replacement costs as well as a loss of knowledge and skills which will impact on the levels ...

  • Re-domiciliation to the United Arab Emirates

    The term “re-domiciliation” defines the process by which a company moves its place of registration from one jurisdiction to another, while maintaining the same legal entity. A re-domiciliation is only possible if both jurisdictions allow for such process, with the necessary legal provisions. The main benefit of a re-domiciliation is that the company maintains its full history, along with all e...

  • Boardroom diversity

    The boardroom is where strategic decisions are taken, governance applied and risks overseen. It is therefore crucial that boards constitute of high calibre individuals, possessing the right mix of skills, experience, qualifications and backgrounds. In a talent-driven and increasingly diversified society, the business case for boardroom diversity is clear. The financial crisis in 2007 prompted r...

  • Data Protection: beyond a tick-the-box compliance

    One month after the enforcement deadline of 25 May 2018 for the EU General Data Protection Regulations (‘GDPR’), most companies which need to comply would have already put in place the required documentation and controls. Concurrently, in Mauritius, companies have had to ensure compliance with a new legislation, the Data Protection Act 2017 (‘DPA 17’), which came into force in January 2018...

  • The Mauritius Trust: a powerful tool for asset preservation and transmission

    What is a Trust? A Trust is a tool whereby an individual, also called a Settlor, will transfer his/her personal assets - property, cash, shares - to be properly managed by a Trustee. The reason why the Settlor would generally do so would be to cater for his/her personal needs and/or ensure that there is a smooth transfer of these assets to his/her heirs after his/her lifetime. Once transferred ...