The Fiji Ministry of Justice has issued a public notice further extending the deadline for digital re-registration for Fiji incorporated companies, foreign companies registered in Fiji and other businesses required to register their business names. The (brief) announcement can be found here: https://www.justice.gov.fj/2020/12/31/public-notice-digital-registration-deadline-extended-to-31-march-2021 . The extension was necessary – and inevitable – given issues in… Read more »
Yearly Archives: 2020
Companies re-registration – a little reprieve [deadline extended to 31 December]
Introduction 1. In our 15 July 2019 and 9 January 2020 alerts we set out the process for digital re-registration of companies, foreign companies and business names with the final dates for re-registration being (at that time): 15 July 2020 for companies (including foreign companies), and 15 October 2020 for business names. Extension 2. An… Read more »
Fiji – COVID-19 Update
Introduction 1. On 21 June 2020, the Hon. Prime Minister announced a range of new COVID19 related measures. These included the easing of restrictions and introduced “Phase 2” of Fiji’s COVID Safe Economic Recovery Framework. Fiji’s COVID Safe Economic Recovery Framework 2. This framework can be found at the Ministry of Commerce, Trade, Tourism and… Read more »
Fiji – Contracts and The Coronavirus
Introduction COVID-19 has hit hard and unexpectedly, drastically reducing our mobility and economic activity. Many of our businesses are built on key contracts with customers and suppliers. Some of these contracts cross national borders. What happens to contracts in a pandemic? Fiji’s economic response to this crisis is likely to be slower and weaker than… Read more »
Corona and Fiji Employers – Get the Law Right
Introduction Few employment laws, including Fiji’s Employment Relations Act 2007 (ERA), could foresee the COVID-19 crisis. Fiji employers, beginning with the flattened tourism industry, have had to move fast to conserve cash, including pay cuts and temporary layoffs. Now comes the paperwork. What’s legal? And how should these urgent arrangements be kept within the law?… Read more »
Change to Exchange Control Limits
Introduction 1. The Reserve Bank of Fiji (RBF) regulates external currency movements under the Exchange Control Act 1950. Thus RBF consent is needed for all external remittances over trading bank delegated limits, including capital and dividend repatriation. 2. As of 2 April 2020, due to the continuing adverse impact of COVID19 on the Fiji economy,… Read more »
Your friendly February Solvency Resolution Reminder
Attention company directors and secretaries: Under the Companies Act 2015 every Fiji company must pass an annual solvency resolution (or a different form of resolution if you do not consider the company to be solvent on the usual tests). This must be done within two months of a company’s financial year-end. For those companies who… Read more »
Companies and business name re-registration – ready, steady, go!
Time-frame for re-registrations 1. In our 15 July 2019 alert we advised of pending company and business name re-registration requirements. Re-registration starts on Wednesday, 15 January 2020 and: companies (including foreign companies) must be re-registered by 15 July 2020 business names must be re-registered by 15 October 2020. New companies and businesses can relax 2…. Read more »