VOCATIONAL TRAINING INSTITUTE PRESENTS LAW

Transcript:VOCATIONAL TRAINING INSTITUTE PRESENTS LAW:
VOCATIONAL TRAINING INSTITUTE PRESENTS LAW RELATING TO FINANCIAL SERVICES IN MAURITIUS TRAINER: Siv Potayya, Barrister , at Wortels Lexus Law Firm, reckoning 30 years of experience in financial services law MQA APPROVED HRDC REFUND MODULE 1: LAW RELATING TO BANKING FINANCIAL SERVICES THE BANK OF MAURITIUS IS THE REGULATOR OF THE BANKING FINANCIAL SERVICES MODULE 2: LAW RELATING TO NON BANKING FINANCIAL SERVICES THE FINANCIAL SERVICES COMMISSION IS THE REGULATOR OF THE NON BANKING FINANCIAL SERVICES MODULE 1 BANKING FINANCIAL SERVICES Legal history of the banking regulator: the Bank of Mauritius BANK ACCOUNT Opening of a bank account What is a bank? What is a customer? What is a bank account? The nature of the contract between the bank and the customer MODULE 1 (continued) The provisions of the civil code governing a bank account The law of contract The implied terms of the contract The express terms of the contract Who can open a bank account? Person of age Minor children Spouse under maiden name Joint account- Joint account holders A joint account “solidaire’ A joint account “collectif” Corporate entities Others MODULE 1 (continued) Operation of a Bank Account Closing of a bank account Bank statements Banking confidentiality Who can have access to banking information? How does Mauritius tilt the balance between ease of business and money laundering within the scope of the banking secrecy laws? MODULE 1 (continued) BANKING SECURITY INTEREST Personal guarantee and real guarantee Personal guarantee Le cautionnement Le contrat de cautionnement La relation triangulaire La caution ou fidéjusseur ( Co-caution ou Co-fidéjusseur) Le cautionnement simple Le bénéfice de division Le bénéfice de discussion Le cautionnement solidaire MODULE 1 (continued) Real Guarantee Nantissement-Gage sur ‘’bien immeuble - antichrèse’’ and ‘’sur bien meuble’’ Nantissement-Gage sans déplacement and Gage avec déplacement Floating and Fixed Charges – ‘’Sûretés flottantes et Sûretés fixes’’ Pari-Passu and ranking of charges- difference between transcription, registration and inscription Cession de priorité MODULE 1 (continued) Renewal of Charges Special Bank privilege Right of set-off Responsibility and liability of Banks. Realisation of security Réalisation du cautionnement Réalisation du gage Crystallisation of the floating charge into a fixed charge Realisation of the fixed charge How does the Insolvency Act affect the rights of an inscribed creditor? MODULE 2 Genesis of the financial services in Mauritius Evolution of the financial services in Mauritius Financial Services Commission Legal history of the non-banking regulator The FSC Legal history of the