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Director and successor liability in company liquidation

Introduction Company liquidation can be a complex process, involving settling debts and distributing assets to stakeholders. During this process, questions often arise regarding the liability of directors and the potential responsibilities of a new company…

Provided By SchoemanLaw Inc

by Celeste Snyders

On the horizon for 2024

There were a number of changes to the South African regulatory landscape in 2023, and with January already behind us, 2024 has gotten off to a flying start. Although we do not have a crystal ball, we anticipate that this trend will continue and that there will be several…

Provided By Eversheds Sutherland

by Grant Williams and Meghan Annandale

Rights of minority shareholders in terms of the South African company laws

The directors of a company are tasked with the management and control of the day-to-day operations of a company. Shareholders own the company through the...

by Cohen Grootboom

Delinquent directors and directors on probation

Introduction An application may be made to the court to declare a director delinquent or to be placed under an order of probation. A wide range...

by Robyn Shepherd

Drafting an MOI: A guide to the provisions relating to directors (Part 2)

With part 1, Derick explored various provisions forming part of the MOI relating to the composition of the board of directors of a company. Next, Derick...

by Martin Kotze

Drafting an MOI: A guide to the provisions relating to directors (Part 1)

As Derick approaches the final phase of drafting the new MOI for Vector AI, he must focus on the provisions relating to the board of...

by Martin Kotze

A guide to drafting provisions relating to shareholders in your MOI

Derick is tasked with the important task of reviewing and amending the Company’s MOI and ensuring that the MOI aligns correctly with the business and...

by Martin Kotze

A guide to drafting different share structures in an MOI

In the next chapter of Derick’s legal odyssey, the stakes are elevated. Our quick-witted in-house counsel for Vector AI, with his desk now a shrine...

by Martin Kotze

Mergers and acquisitions: A primer

Mergers and acquisitions between business entities entail a number of key legal, business, human resources, intellectual property, and financial issues. To successfully navigate the sale, acquisition...

by Kelly Barnett

Amendments to Companies Act on the cards

The trade, industry and competition department announced that amendments to the Companies Act are on the cards during a briefing in parliament in a response...

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