Legal Articles and Guides
The decision of the SCA regarding access to company records in terms of section 26 of the Companies Act
On 12 May 2016 the SCA delivered a judgment in the matter of Nova Property Group Holdings v Cobbett. The appeal arises from the attempts of Moneyweb and Mr JP Cobbett to exercise their statutory right in terms of section 26 of the Companies Act 71 of 2008 to access the securities registers of Nova Property Group Holdings Limited, Frontier Asset Management & Investments and Centro Property Group.
Potential problems when a contract does not specifically deal with its termination
Even the most experienced businessmen have moments of short-sightedness when conducting business deals which may leave them in hot water. All too often, poor contract craftsmanship or legal oversight is the primary reason for their dismay. For example, what happens when you enter into a contract without express terms governing its termination? This is where the parties found themselves in the case of Plaaskem v Nippon Chemicals heard in the Supreme Court of Appeal.
