NOVUS December 2022 Newsletter (1st Issue)

Dear esteemed reader,
Welcome to the first ever NOVUS HM Legal Practitioners’ Newsletter!
In keeping with our desire to serve our clients better, we will be issuing a quarterly Newsletter, covering among other things, the latest legal news, developments, and insights. We will also keep you abreast of the goings-on in the Firm through our announcements and gallery.
The Newsletter starts off with a brief overview of the new NAPSA amendments - a ‘hot topic’ in its own right. It then moves on to an article on the strategic benefits of a Trust, for individuals looking to use this legal tool to ‘shield’ their assets from property sharing in a divorce, or merely to make provision for their children who are minors and cannot own assets. Related to this, is an article on the disclosure requirements for ultimate beneficial owners of a company under the Companies Act. We have also included an update on the new smart land administration system at the Ministry of Lands. The Newsletter closes off with a case review relating to property transfer tax and indirect transfers. See our final pages for exciting announcements and our gallery.
On behalf of the Firm, I would like to thank you for taking the time to read our Newsletter. I hope you enjoy reading it as much as we enjoyed writing it. Happy reading!

Misozi Hope Masengu
Managing Partner