|
Amongst the many challenges that company directors face is the danger of being declared “delinquent”, or being put “on probation”.
We discuss who can apply for a delinquency order and the serious consequences for the director if it is granted.
Read on also for details of a case recently before the High Court involving many millions raised from the public in share offers, a failed plan to build an international airport and a director now facing “7 years in the wilderness”.
|
|
|
|
You rent a house and the geyser packs in or the pool starts leaking. The landlord ignores your pleas to fix the problem – or outright refuses to do so. Can you go ahead and do the repairs yourself, then deduct your costs from your rental payments? We discuss a recent High Court case which ended badly for the tenant.
We also share some tips for both landlords and tenants on avoiding these costly and unnecessary disputes.
|
|
|
|
There’s good news for creditors in a recent Supreme Court of Appeal judgment handing a R500k victory to a creditor against both the debtor close corporation and its member who had signed a personal suretyship.
We explain what “a special notarial bond” over your debtor’s movables is, and how it secures your claim and protects you from a “3 year prescription” defence.
|
|
.png)
