Credit Union Times’ Post

Competition law in Africa is a growing field with varying levels of development across different countries. These laws are designed to promote market competition and prevent monopolistic practices that could harm consumers and hinder economic growth. AI and the 4th Industrial Revolution have seen the context grow more complex for regulators and there is now an increasing focus on digital markets and the need to address anti-competitive practices in the rapidly growing tech sector. Despite the promulgation of the ACFTA Competion Protocol, there is still very little capacity on the continent to handle this subject, leaving African businesses vulnerable to cartel behavior and non-compete practices. Several African countries have established competition laws and regulatory bodies, but their scope and enforcement can vary widely. For example, South Africa has a well-developed competition framework managed by the Competition Commission, while other countries like Nigeria and Kenya have also made significant strides in this area. Uganda just passed the Competition Act 2022 and is yet to establish the unite envisaged by the law. However with the dream of the ACFTA, we still find that the imbalanced progress in this area makes it hard for businesses to cross borders into countries that are not properly regulating competition. The African Union and regional economic communities like the East African Community (EAC) and the Economic Community of West African States (ECOWAS) are working to harmonize competition laws across member states to facilitate intra-African trade and investment. Without the states having qualified resources to partivipate in this improtant process, these efforts will be futile. Many African nations face challenges such as limited resources, lack of expertise, and political interference, which can impact the effective implementation and enforcement of competition regulation. We commend the COMESA Competition Commission for accrediting the Fidelis Leadership Institute to grow the capacity of regulators and raise awareness in East Africa on Competition regulation and consumer protection. Do take advantage of this opportunity to equip yourself for fresh areas of practice on the continent. Uganda Law Society - LAP David Sigano Stephen Asiimwe African Development Bank Group SEATINI UGANDA Pan African Lawyers Union

On this #memberMonday, SIR would like to thank and recognize American Financial Group for its support of SIR since 2018. American Financial employees are active on SIR boards, volunteer for committees, attend events and participate in many other activities. American Financial commits to maintaining the highest standards of integrity and professionalism in its relationships with clients, endeavoring to know and understand the financial situation, needs and objectives and provide quality products and the highest quality information and services. Connect. Learn. Grow. Join SIR! #SIR54 #societyofinsuranceresearch #insuranceresearch # investmentmanagement Jennifer Chase, Jen Evert

In the recent case of Papiss Demba Cisse v Sandra Diene & Madou Diene [2024] EWHC 1717 (Ch), the claimant, Mr Cissé, a professional footballer, was successful in having a Declaration of Trust set aside, which had provided sole beneficial ownership of 2 properties to the claimant's former agent (D1) on the basis of undue influence. Once undue influence is established, the transaction will be set aside because it “ought not fairly to be treated as the expression of [the claimant's] free will”. (Royal Bank of Scotland v Etridge (No. 2) [2001] UKHL 44 at [7]) In their defence the defendants alleged the claimant knowingly signed the Declaration of Trust and denied that his ability to read or understand English was very limited at the time. When considering the claim for presumed undue influence, it was noted that D1's fiduciary relationship with the claimant, as his agent, would not in itself, give rise to a presumption of undue influence, however, the Judge said it was overwhelmingly clear the claimant continued to repose special trust and confidence in D1 when he signed the Declaration of Trust in 2018. The Declaration of Trust also called for an explanation. Undue influence is therefore presumed and the defendants failed to rebut the presumption. The Judge however also went on to comment "In the absence of a presumption of undue influence, I would have made an order setting aside the Declaration of Trust for actual undue influence". An interesting case with many more elements, including forgery and breach of fiduciary duties.

Let's celebrate 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐀 𝐃𝐚𝐲 by honouring the champions of financial integrity and excellence. Cheers to the Chartered Accountants who keep the wheels of our economy turning smoothly! 🙌🌸 #NationalCADay #CharteredAccountants #FinancialIntegrity #CAExcellence #CelebratingCAs #EconomyChampions #CAHeroes #Eneepl #share #AccountingProfessionals #FinancialGuardians #CADayCelebration

Happy birthday to our friend and colleague, Aaron Gingrich, AIF®, CPFA! 🥳 Your teamwork and guidance are invaluable to our team, and we appreciate your hard work and dedication to serving clients. Here's to continued success in the coming year! 🎊 #BirthdayWishes #FinancialPlanning #FinancialAdvisor #YorkPA #YorkCountyPA #MidAtlantic

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Learn more about what is driving the trend of high jury awards and what your organization can do to minimize exposures and the risk of a high award.

I admire Rand. NFIP should be shorn of subsidies for the wealthy. But fixing this disparity won’t fix everything that needs fixing. He’s also right to focus on the moral hazard and fiscal unsoundness of the current NFIP insurance product. If we want only actuarial insurance there’s no reason for the gov to provide it. Saying otherwise admits other objectives. What are they? I also appreciate Senator Kennedy. He only nibbles around the edges of the national objectives we might entertain for NFIP that go beyond insurance. I must conclude that until Congress can lay out the objectives of NFIP and the willingness to pay to achieve these objectives, NFIP will continue to be a chaotic answer to flooding problems. At the same time we have to understand that continued Federal subsidies will inevitably come at the cost of substantial Federal flood plain regulations. The choices and tradeoffs must be put on the table. This debate evaded that discussion. https://lnkd.in/eMSZbbwb

Both the management and the partners of SJP have been slow to change till now and the result is the pink line on the chart at the top of this blog

More changes at the top of CFC and another role focused on capacity provider relationships – wonder what portends for the business's growth trajectory.