by Legal X | Oct 24, 2022 | Uncategorized
Contrary to the common perception that the memorandum of understanding (MOU) document is usually associated with international relations, it is a common device in business negotiations as well. On the scale of formal agreements, a MOU is much less formal than a...
by Christelle | Aug 17, 2021 | Uncategorized
With the recent hype around POPIA and the implementation date having passed on 01 July 2021, it is natural that business owners feel overwhelmed and confused with all the different abbreviations they frequently encounter. The Protection of Personal Information Act...
by Christelle | May 19, 2021 | Uncategorized
The idiom, “never throw good money after bad” comes to mind when a creditor considers litigation proceedings against a debtor. Before committing resources to recover debt, the creditor should always consider whether the debtor has the necessary funds to repay the...
by Christelle | May 13, 2021 | Uncategorized
A share repurchase agreement is used when a company buys its shares back from one or more of its shareholders or investors. The buyback is also a tax-efficient way to return money to shareholders. Once shares are repurchased they are considered cancelled, but...
by Christelle | May 13, 2021 | Uncategorized
Section 56 (2) of the Consumer Protection Act, No 68 of 2008 reads as follows: “Within six months after the delivery of any goods to a consumer, the consumer may return the goods to the supplier, without penalty, and at the supplier’s risk and expense, if the goods...
by Christelle | May 13, 2021 | Uncategorized
WHEN NOT TO INSTITUTE LIQUIDATION PROCEEDINGS AGAINST A CREDITOR. When a company is unable to pay its ordinary day-to-day liabilities, it would generally be considered insolvent.. It would be tempting to action liquidation proceedings against the debtor, but our...
