Jun 18, 2024 | Corporate and Commercial Law
Suretyship agreements are pivotal in the financial and legal sectors of South Africa, providing security guarantees through a third party, the surety, who agrees to meet the obligations of a debtor if needed. Legal basis and requirements of suretyship agreements In...
May 22, 2024 | Corporate and Commercial Law
In South Africa, the Companies Act of 2008 sets out the legal framework that enables shareholders to remove directors from a company’s board. This mechanism is vital for maintaining accountability and ensuring that the directors align with the strategic...
Aug 29, 2023 | Conveyancing and Property Law, Corporate and Commercial Law
In various contractual agreements, including real estate transactions, it is common to encounter clauses that stipulate the forfeiture of a buyer’s deposit if the agreement is cancelled. These clauses play a crucial role in South African law, ensuring that both...
Jan 31, 2023 | Corporate and Commercial Law
The Companies Act 71 of 2008, also known as the Companies Act, is a legal framework that governs the operation and management of companies in South Africa. One of the key sections of this act is Section 75, which deals with the duties and responsibilities of directors...
Jan 25, 2023 | Corporate and Commercial Law
Minority shareholder protection refers to the measures put in place to safeguard the rights and interests of shareholders who own less than 50% of the shares in a company. In South Africa, the Companies Act, 71 of 2008 (the Act) includes provisions to protect minority...
Aug 25, 2022 | Corporate and Commercial Law
One of the best ways for shareholders to protect their interests is to enter into a shareholders agreement. Such an agreement sets out the rights and obligations of each shareholder in detail. These agreements also include information and guidelines regarding the...
