Jun 25, 2024 | Regulatory
Schedules 1 and 3 of the Financial Intelligence Centre Act 38 of 2001 (“FICA”) were amended during December 2022 to include High Value Goods Dealers in the definition of ‘accountable institutions’. A transition period for the amendments was granted for 18 months,...
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...
Feb 2, 2017 | Insolvency Law
Insolvency is the state of being unable to pay the money owed, by a person or company, on time. To be sequestrated means that your assets are sold in order to pay your debt. Under current South African Insolvency Law, a person can be sequestrated either voluntarily or...
