The South African diamond industry is one of the most regulated in the world and it is governed by a complex system of laws and regulations. The South African Diamond & Precious Metals Regulator (SADPMR) is the regulator whose main functions are facilitating the buying, selling, importing and exporting of diamonds. Cranko Karp offers you thorough understanding of the regulatory diamond framework.
Diamond Law Services
THE IMPORTANCE OF LEGAL ADVICE IN DIAMOND LAW
In addition to complying with all laws and legislation related to the diamond trade, tax issues, business structure issues, employment law issues and contract issues regularly arise. Therefore, it is essential to consult an experienced law firm that has expertise in the diamond industry.
OUR EXPERTISE
Over the years Cranko Karp & Associates has gained extensive and invaluable experience and know-how pertaining to the diamond regulatory framework. The firm has been engaged by most of the South African De Beers sight holders and many of the foreign and international sight holders.
This knowledge and expertise has enabled the firm to offer either specific legal services or comprehensive turnkey services for the formation of diamond entities in Southern Africa.
Our Diamond Law Service Offering
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Our Diamond Law services include without limitation;
- Locating suitable premises
- Negotiating leases with landlords
- Registering corporate entities
- Opening bank accounts
- Leases
- Structuring companies so as to comply with the relevant legislation including the Mineral & Petroleum Resources Development Act No 28 of 2002, the Diamonds Act No 56 of 1986 and Broad-Based Black Economic Empowerment Legislation
- Drafting the necessary agreements
- Liaising with auditors and compiling, submitting and obtaining approval of the relevant diamond licences from the Regulators.
Why Work With Us
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- Cranko Karp is one of the most established and respected law firms specialising in Diamond Law and Legislation in South Africa.
- The firm is currently led by Senior Partner Michael Karp, who has extensive experience in the drafting of all documentation required to restructure companies to facilitate their listing on the Johannesburg Stock Exchange (JSE).
- We offer a full spectrum of Corporate and Commercial Law services and these services include transactional and regulatory services.
- Our team of experienced corporate lawyers provide business owners with tailored advice to meet the unique needs of each client and their corporate law requirements
- We have strong communication and negotiation skills, topped with excellent academic backgrounds, giving us the ability to think outside of the box and apply exceptional analytical skills.
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Let Cranko Karp & Associates advise and guide you on any matters related to Diamond Law and regulations in South Africa. Contact us for a consultation.