Legal Articles and Guides
Judge gives reasons for Steinhoff liquidation approval
Western Cape High Court Judge Hayley Slingers has given reasons for her ruling that Steinhoff meets the definition of a company that can be liquidated under SA law despite being registered in the Netherlands.
Steinhoff warns liquidation case could backfire
Steinhoff has argued that letting a High Court decision that the case to liquidate it be heard in SA stand will create a precedent that could backfire and damage relationships with foreign courts.
Push for law to unleash business start-ups
Start-up players in SA recently released findings as part of a proposal to create a start-up law, calling on government for legislation to enable local tech-backed businesses to scale faster and compete globally without having to go offshore.
Ruling clears path for Steinhoff liquidation bid
The former owners of Tekkie Town can proceed with their liquidation application against Steinhoff International, after the Western Cape High Court dismissed the intervention application of two parties and confirmed that the local courts have jurisdiction to hear the case.
Scathing ruling finds Barnabas Xulu 'flouted the law'
Attorney Barnabas Xulu will have to pay back more than R20m in legal fees unlawfully paid to his firm, following a scathing High Court ruling that found the lawyer for Western Cape Judge President John Hlophe had ‘flouted the law’.
Court papers reveal Mango is drowning in debt
After years of secrecy around Mango’s true financial status, court papers reveal the budget airline is drowning under a debt of R2.5bn, Rapport reports.
Steinhoff breached Companies Act in 2019
Steinhoff's route to concluding a settlement with claimants may have got trickier after the Western Cape High Court found that it breached the Companies Act two years ago.
EOH in multi-billions suit against former top brass
EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King.
ConCourt confirms SCA’s Altron ruling
The Constitutional Court has ruled in favour of Altron, standing behind a 2020 decision by the SCA to overturn a High Court ruling on the loss of a contract worth R1.2bn by the City of Tshwane that had been awarded to the technology group.
Are Restraints of Trade Valid in a Time of Covid?
Consider this unhappy (but not unlikely) scenario: For whatever reason, you part ways with your fellow director/shareholder (or perhaps a key employee), who goes off immediately to join (or found) the opposition.
Another day, another defeat for Myeni
Former SAA chairperson Dudu Myeni's attempts to reverse the lifetime declaration that she is a delinquent director may be almost over, with only the Constitutional Court option left.
Guptas take battle with BRPs to top court
The Gupta family have turned to the Constitutional Court in a bid to wrest control of some of their biggest companies from the hands of business rescue practitioners (BRPs) – who they have accused of maliciously implicating them in criminal conduct, according to a News24 report.
Land Bank hits suspended CEO with R3.5m penalty
Daybreak Farms’ Boas Seruwe, abruptly suspended in January as chief executive of the poultry producer midway through his five-year contract, has been slapped with a R3.5m penalty by the Land Bank for irregularly paying out dividends to Daybreak’s shareholder without consent from the development finance institution.
Deloitte offers R1bn in Steinhoff ‘settlement’
In a deal that could herald the end of one of Deloitte’s messiest chapters in SA, the global big four audit firm – accused of having failed to detect accounting fraud at Steinhoff – has offered more than R1bn to help its former client settle claims related to the scandal.
Another ruling against delinquent director Myeni
Former SAA chair Dudu Myeni has been dealt yet another blow in her attempts to halt the implementation of a ruling from 2020 which found her to be a delinquent director.
