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We would like to inform you that the Department of the Registrar of Companies and Intellectual Property (the “Department”) has recently announced the following final arrangements regarding the implementation of the electronic system of the Register of Beneficial Owners (the “BO Register”)

🌿Given the current levels of resource use, it is estimated that we are using Earth’s resources 1.8 times faster than our planet’s biocapacity can regenerate. In other words, in 1 year we use 1.8 earths! The use of materials has sharply risen in the last 50 years. Read the latest article by our Sustainability Senior Consultant Anastasia Ellina ♻️🌍

By the end of 2023, the EU Non-Financial Reporting Directive (NFRD) will be in force. The NFRD requires large public interest companies and listed companies to prepare and publish information related to their sustainability performance (society, environment, governance (ESG)) on an annual basis.

Organisations are putting unprecedented emphasis on structured efforts to engage their workforces.

The global economic crisis that resulted as a consequence of the pandemic has stressed the relevance of prioritising sustainability pillars within financial services.

Risk management and governance are essential enablers of growth. Like the brakes of an F1 car, they are the controls that allow you to accelerate safely.

When the rules of the race change, it is the most prepared teams who have the advantage. So too for businesses when regulatory changes loom.

Employees are the fuel of any organisation, they need to function at their best to enhance future performance.

Finance is the engine oil of any business and preparing your business to raise capital could be critical to keeping you on the road to recovery.

Onboard analytics help racing cars align the performance of the vehicle with the conditions of the track, similarly businesses must use insight to adjust to customer behaviour and restore growth.

Knowing where, when and how to overtake your competitors requires planning and a thorough understanding of their strengths and weaknesses.

In times of extreme economic challenge, don’t just power through the crisis, pause for a pit stop to retune your business for the twists and turns on the road ahead.

Organisations that can quickly adapt to changing conditions will find themselves in pole position for the course ahead.

Following our alert issued on 18 March 2020, we note that the House of Representatives proceeded with the approval of the relevant Tax and VAT legislations on Friday 27th March 2020 in response to the COVID-19 outbreak. These amendments were announced in the Government Gazette and include a number of Tax deferral concessions, an overview of which is provided below.

The economic consequences of the Coronavirus disease 2019 (COVID-19) on future trading assumptions, and the direct impact on many companies, may place some companies under liquidity pressures. We understand these pressures and have compiled some tips for managing cash flow and mitigating any potential impact on your debt obligations.

With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. By remaining agile and alert, business leaders can take steps to build resilience into their operations and mitigate the impact.