When thousands of South African companies shut their doors on 26 March 2020, the sad reality was that many that would never open again. As the economic effects of the measures imposed to curb the spread of COVID-19 are being
Read MoreWe are inundated with inquiries from clients wanting to know what the effect of the declared state of disaster, and particularly the closure of businesses, may have on their rights and obligations under agreements they have entered into. The position is
Read MoreThe Supreme Court of Appeal has handed down a decision which results in the receipt of a guarantee to secure payment of the purchase price of immovable property, being deemed an accrual of the entire purchase price on the date
Read MoreDirectors’ duties are partially codified in the Companies Act. A director is liable to the company for any loss, damages or costs, if he/she: acted in the name of the company without authority; acquiesced in carrying on of the company’s
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