US law firm expands in South Africa

first_img11 January 2012US-based law firm Dewey & LeBoeuf has expanded its South African office with the addition of a dozen leading local lawyers as it gears up for an expansion of economic activity in the country and on the continent.Dewey has added eight partners and four associates from local law firm Werkmans Attorneys to its existing office in Johannesburg, a move that, according to US website The American Lawyer, marks its biggest African investment yet and makes its SA office one of the largest to be opened by an international law firm.“White & Case has seven lawyers in Johannesburg; and DLA Piper, which operates under the Swiss verein structure, is affiliated with 270-lawyer Cliffe Dekker Hofmeyr, one of South Africa’s largest firms,” The American Lawyer reported last week, when Dewey announced its move.“Two UK-based firms, Norton Rose and SNR Denton, have also merged or associated with South African firms in the past two years.”The teams joining Dewey are led by Morne van der Merwe, who headed up Werksmans’ mining and resources practice, and Wildu du Plessis, who headed up Werksmans’ banking and finance and capital markets practices.Van der Merwe told Business Day last week that the move showed Dewey’s commitment to South Africa and the continent “and their anticipation of increased economic activity”.Dewey & LeBoeuf chairman Steven Davis said in a statement: “The addition of this team of high quality, respected lawyers places us at the head of the market and presents exciting opportunities to grow our practice in Africa as the continent continues to become a more significant part of the global economy.”Joseph Tato, chairman of Dewey’s Africa Practice Group, said the new team’s arrival would enable the firm to expand its focus beyond energy and project finance work into areas “such as corporate M&A, mining and natural resources, banking and financial services, corporate finance and securities and capital markets.”SAinfo reporterlast_img read more

‘Regretful’ King to pay Sars R700m

first_img29 August 2013“When this tax dispute arose many years ago, I took a conscious decision not to cooperate with the authorities. That was a mistake.”These were the words of businessman Dave King shortly after entering into a settlement agreement with the South African Revenue Service (Sars) following a protracted legal battle, spanning a number of years, over his failure to disclose his income.In a joint statement with Sars on Thursday, King said: “I regret not engaging with the state sooner as I have found them to be extremely firm but fair in their dealings with me once I fully engaged with them. I accept the fact that I have been non-compliant in the past and will rectify this.”King, together with entities associated to him, entered into a plea and sentencing bargain with the revenue service at the Palmridge Regional Court on the same day.As part of the settlement, King is to pay a fine of R3.2-million (R80 000 per count) or spend 24 months behind bars. In addition, he was ordered to pay an amount of R8.75-million towards the Criminal Asset Recovery Fund via the Asset Forfeiture Unit.The agreement was enforced after King made submissions to Sars’ governance and oversight committee.In the submissions, King conceded his tax debt and agreed to pay off R706.7-million to Sars in respect of his personal income tax and the tax liability of Ben Nevis, a King trust company managed out of Guernsey.In return, Sars said it stopped pursuing tax charges against the businessman, who was once associated with golfing great Gary Player.Gene Ravele, Sars’ chief officer for tax and customs enforcement investigations, welcomed the settlement and the conclusion of the tax battle with the businessman.“Sars believes this settlement is in the interest of the fiscus and in the interest of justice,” Ravele said. “This brings to an end a period of protracted litigation.“Sars appreciates that King has accepted responsibility for his tax position and the message he has communicated to taxpayers who may find themselves in a similar position – to rather engage Sars and seek resolution to a tax dispute rather than resort to litigation.“This matter demonstrates the level of commitment Sars has to executing its statutory duty, regardless of the time and cost that complex tax disputes may require to reach finality. Taxpayers and the public in general should expect no less of Sars.”King, meanwhile, said his family would now file all outstanding tax returns to ensure that they were all fully compliant going forward.“My experience should serve as an example to taxpayers who find themselves in a similar position with Sars – rather seek early resolution and cooperate with Sars when asked by them to explain your tax affairs.“I am delighted to finally put this behind me and to be able to actively resume my business career.”Source: read more

Rain or Shine continues chase for top 4, downs Blackwater

first_imgMOST READ LATEST STORIES Read Next Don’t miss out on the latest news and information. UAAP women’s hoops: UST claims solo 2nd, La Salle stops skid E.T. returns to earth, reunites with grown-up Elliott in new ad  “I guess we just wanted it more today. Everybody who came in the game stepped up,” said ROS head coach Caloy Garcia. “Basically, I just told them that we have a chance on the top four and the only way we can have that chance is to win.”“In the first half I thought we were just okay offensively but our defense wasn’t there. In the second half I think we picked it up,” added Garcia after steering his squad to 7-4.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutJ’Nathan Bullock fired a game-high 30 points, including 12 in the third quarter where the Painters turned a one-point game to a lopsided affair. They took an 89-77 lead entering the fourth period.Raymond Almazan made the most out of his time on the floor, finishing with 20 points on 6-of-7 shooting from the field and six rebounds in less than 19 minutes. Rain or Shine was +20 when the lanky big man was in the game. PBA IMAGESRain or Shine remained in contention for a top four berth after turning back Blackwater, 122-98, in the 2017 PBA Governors’ Cup Saturday at Smart Araneta Coliseum.The Elasto Painters tightened their defensive screws in the second half, where they outscored the Elite, 65-42.ADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Frontrow holds fun run to raise funds for young cancer patients center_img LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Nonong Araneta re-elected as PFF president Kammuri turning to super typhoon less likely but possible — Pagasa Fire hits houses in Mandaluyong City Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games It was also Almazan, who extended the Painters’ lead to 20, 103-83, after hitting a triple late.The Elite, who wrapped up the eliminations at 5-6 and will face the top seed in the playoffs, drew another explosive showing from their new acquisition Allein Maliksi, who led his team with 29 points that went with eight rebounds.Henry Walker, who sparked Blackwater’s resurgence after coming in as replacement import after the Elite dropped their first three games in the conference, had 21 points, 13 rebounds and five assists.The Painters clicked on both ends of the floor especially on the offensive end, burying 16 3-pointers and dishing out 27 assists against only eight turnovers.ADVERTISEMENT View commentslast_img read more

Kareena praises Salman, says Bollywood incomplete without him

first_imgSalman Khan is on the brink of completing a silver jubilee in Bollywood, and actress Kareena Kapoor says the industry is incomplete without him.”I think we all are big fans of Salman and he has been my and Karisma’s (Kapoor) co-star. I am really happy with his 25 years because this industry is incomplete without Salman,” the 31-year-old said here.The actress, who is awaiting the release of her film Heroine spoke on the sidelines of a special shoot for comedy TV show “Taarak Mehta Ka Ooltah Chashmah”.About her appearance on the show, Kareena said: “I think it’s the number one TV show, so we are happy that we could promote our film ‘Heroine’ on such a popular stage.”The serial’s most popular character, Daya Jethalal Gada, essayed by actress Disha Vakani, made Kareena do the garba. Kareena, who has danced to Halkat jawaani in the film was quite a sport.”All of them are quite halkat so we danced on ‘Halkat jawaani’ and the show has got that spirit. I also did the garba and Punjabi dance and I also made them dance to my song. So the concept has been well-woven in the script,” Kareena said.Directed by Madhur Bhandarkar, Heroine hits theatres this Friday and also stars Arjun Rampal and Randeep Hooda.last_img read more

10 months agoTottenham boss Pochettino hails ‘special man’ Kane

first_imgTottenham boss Pochettino hails ‘special man’ Kaneby Paul Vegas10 months agoSend to a friendShare the loveTottenham boss Mauricio Pochettino has paid tribute to Harry Kane over his MBE.Pochettino has hailed Kane as ‘a special man’ after the England captain was rewarded for his World Cup heroics with an MBE in the New Year honours list. “Harry Kane is one of the best strikers in the world,” said Pochettino. “His personality, his character. He is special. He is a special man, not only a special player. All that he can get in his career he fully deserves.”Kane said: “It’s quite surreal, really. It’s been a great year for club and country.”I’m very passionate about our country, very patriotic and going back to England, it shows how good the summer was for the whole nation, not just from my point of view, but what it did bringing everyone together.”I’m extremely proud to be a part of that and obviously thankful to all my team-mates, all my coaches at Tottenham, England, Mauricio, Gareth, all the staff, the guys as well — without them I wouldn’t be scoring the goals and getting these accolades.” About the authorPaul VegasShare the loveHave your saylast_img read more

Louisville Released A Hype Video After Its First Spring Football Practice

first_imgWatch this fan-made Louisville vs. Clemson hype video and try not to feel like you could run through a wall afterwards.In case you weren’t already pumped up enough for the No. 3 Louisville vs No. 5 Clemson matchup this week, Mike Sanchez put together this hype video to get you more than ready for the weekend’s most anticipated game.The video starts off by showing us scenes from both school’s campuses before delivering four simple yet strong words: “The wait is over.”The Jeulz track used as the video’s music picks up as we get a glimpse of Howard’s Rock before moving to some behind-the-scenes shots of both teams.Each school gets it’s fair share of highlight plays featured in the video with the final shot being the Tigers running down The Hill.Clemson held off Louisville a year ago, 20-17. The two teams have only met twice in school history with the Tigers taking both games.Louisville and Clemson will kick off at 8:00 p.m. E.T. on ABC.last_img read more

Youth in State Custody Encouraged to Make Use of Opportunities Afforded

center_img Minister of State in the Ministry of National Security, Hon. Rudyard Spencer, has renewed his call for youth in State custody to make the best of the skills and education opportunities being imparted to them.The State Minister, who was addressing the South Camp Juvenile Correctional Centre’s annual Christmas luncheon in Kingston on Tuesday (December 11), said the youngsters must leave the institution “significantly better off”.“I want, for most of you, that you are thinking of going on to tertiary education, because that’s the way to go; and I want you to remember that we have taken you from your home and your family, to instil certain values in you,” Mr. Spencer told the gathering.He said when the youth return to their communities, they will be better equipped to make a meaningful contribution to the society, adding that “that’s what I wish for you”.Mr. Spencer, in lauding the staff at juvenile facilities for their deep interest in guiding the youth, described them as a group of persons who are “totally committed to the betterment of our children that we have taken in”.He also commended the youngsters’ parents for their input in spending “quality time” with their children.Meanwhile, founder of FHL Designs, Nateisha Williams, who was the guest speaker, told the all-female inmates that she had lived a carefree lifestyle before undergoing a transformation at age 17, leading to her becoming an entrepreneur.“I believe that many of you were born with that spirit of entrepreneurship, and you can do it. If I did it, you can do it too. It is possible; with God all is possible. Just stay focused, dream big, aim high, and you can do it,” she said.Several family members joined the Ministry’s staff, senior officers of the Department of Correctional Services (DCS), and representatives of external support organisations at the luncheon.last_img read more