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...
Apr 12, 2017 | Commercial Recoveries, Litigation and Dispute Resolution, Regulatory
Literally translated, in duplum means ‘double the amount’. A part of South African law since the early 1800’s, it is a common law rule that specifies that interest on a debt will cease to run when the total amount of arrear interest has accrued to an amount equal to...
Nov 3, 2016 | Commercial Recoveries, Regulatory
On 11 May 2016 the Department of Trade and Industry issued a Government Gazette Notice 39981 regarding the thresholds which determine whether or not a lender of credit or loans in terms of the National Credit Act (NCA) must register to do so. National Credit Act...