Category: Uncategorized

INCREASED INTEREST RATE

  *LEGAL UPDATE* Dear all, On 09 October 2020, the Minister of Justice and Correctional Services published an increased prescribed rate of interest (legal interest), for the purposes of Section 1(1) of the Prescribed Rate of Interest Act (“the Act”). The rate of interest has increased from 7.00% to 7.25% , with effect from 1 July […]
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COVID19 Block exemption regulations for Shopping Mall Tenants and Landlords

COVID19: Block exemption regulations for Shopping Mall Tenants and Landlords

On Tuesday, 24 March 2020, Government in response to the COVID-19 pandemic, gazetted special Regulations titled “COVID-19 Block Exemption for the Retail Property Sector, 2020”, which encourages retail tenants and retail tenants who are competitors to meet with shopping mall owners and reach agreements aimed at addressing matters such as payment holidays, rental discounts and […]
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