France blacklisted Seychelles recently for its handling of the offshore sector. But as the world was digesting the implications of the announcement more anomalies are surfacing out of Europe.
At the moment there is a unique situation in Seychelles when the government, on one hand, claims that Seychelles is part of International Global community and that it is a very good country for foreign investment, but on the other hand, the government has deprived foreign investors of all legal protection.
However, Seychelles has taken steps to rectify this issue: On 27th November 2019, the Executive branch made a decision during a Cabinet Meeting for Seychelles to accede to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958.
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