Protection Of Investment Act: Draft Regulation On Mediation Rules

Draft Regulations on Mediation Rules

In December 2015, the Protection of Investment Act was assented by President Jacob Zuma but has yet to be gazetted in order to set a commencement date. The Act replaced pre-existing bilateral investment treaties between South Africa and EU Member States with a domestic regime thereby generating some apprehension as to the level of protection that foreign investors will enjoy in South Africa, notably with regards to the protection of property rights, as highlighted by several submissions made then by the EU Chamber of Commerce and Industry in Southern Africa. Read More