Should You Sign a Non-Compete Clause In An Employment Contract?

It is a norm for employers to insert non-compete clauses (often referred to as restraint of trade clauses) in employment agreements. Such clauses limit the nature of employment or activities an employee may undertake within a specified period during or after termination of their employment. What is a non-compete clause? A non-compete clause is a …

Bookbinder Business Law advised Standard Chartered Bank Botswana Limited on its issuance of BWP229,963,000.00 Notes due 2028

Bookbinder Business Law advised Standard Chartered Bank Botswana Limited (“Standard Chartered Botswana”) on its issuance of BWP229,963,000.00 Senior Unsecured Notes (“SCBB010 Notes”) due 2028. The SCBB010 Notes comprise a standalone issuance of debt securities by Standard Chartered Botswana. The Botswana Stock Exchange Limited approved the listing of these debt securities with effect from 28 June …

The Credit Information Bill, 2021 – What To Expect

The main object of the Credit Information Bill, (the “Bill”) published on 11 June 2021, is to provide for the regulation of the credit reporting system, the licensing and supervision of credit bureaus by the Bank of Botswana (the “Bank”). Under the Bill, a credit bureau is defined as a company licensed to collect credit …

Bookbinder Business Law acts as local advisers to PPC Botswana Proprietary Limited on its sale of PPC Aggregate Quarries Botswana Proprietary Limited to Danoher Botswana Proprietary Limited

Bookbinder Business Law has acted as local legal advisor to PPC Botswana Proprietary Limited on the sale of 100% of its equity stake in PPC Aggregate Quarries Botswana Proprietary Limited to Danoher Botswana Proprietary. The proposed sale transaction is subject to various regulatory consents, including merger control approval from the Competition and Consumer Authority, and …

Legislative Update For The Month of May 2021

The objective of this report is to inform our clients of any new legislative developments during the reporting period of May 2021. The report provides a record of new legislation published in the Government Gazette in a summary form. Legislation for purposes of this report refers to Acts of Parliament, regulations prescribed pursuant to Acts …

Bookbinder Business Law Advises Babereki Investments Proprietary Limited on BOPEU Enclave Joint Venture

Bookbinder Business Law has advised Babereki Investments Proprietary Limited, a company owned by Botswana Public Employees Union (BOPEU), on its entry into a joint-venture transaction with International Housing Solutions for construction of the BOPEU Enclave residential development. BOPEU Enclave comprises of 240 residential sectional title units to be built in Mmopane Block 1, Kweneng District. …

Tobacco Control Bill No.9 of 2021

The object of the Tobacco Control Bill, (“the Bill”) published on 12 March 2021, is to repeal and re-enact the Control of Smoking Act (Cap. 65:04) (“the Act”) to align it with the World Health Organisation Framework Convention on Tobacco Control (“the FCTC”) to which Botswana is a party. The Act had been found to …

Legislative Updates March-April 2021

It is our goal to ensure that our clients are up to date in any new legislative developments that may impact their businesses. We have compiled a summary report outlining a record of new legislation published in the Government Gazette during March 2021 and April 2021. Acts of Parliament, regulations prescribed pursuant to Acts of …