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Judge recuses himself from Mokwena liquidation saga

By Juta and Company (Pty) Ltd Published on Friday, 17 January 2020
Tags: #Insolvency Law #Litigation
The urgent application by Polokwane lawyer Tumi Mokwena for the suspension of a liquidation order against his law firm, was removed from the Limpopo High Court roll this week, says a News24 report. This was after Judge Gerrit Muller recused himself.

RMB, former investment banker in bitter battle

By Juta and Company (Pty) Ltd Published on Thursday, 16 January 2020
Tags: #Banking & Finance Law #Insolvency Law #Litigation
Fred Arijs, a former investment banker and one-time Belgian honorary consul in the Eastern Cape, has accused RMB and several senior bank executives of taking him to the cleaners, in a calculated scheme to defraud him and his business partners in two property deals gone horribly wrong, says a Moneyweb report.

Lawyer seeks suspension of liquidation order

By Juta and Company (Pty) Ltd Published on Tuesday, 14 January 2020
Tags: #Insolvency Law #Litigation
Polokwane lawyer Tumi Mokwena has lodged an urgent application in the Limpopo High Court for the suspension of a liquidation order against his law firm, TMC Incorporated.

Bid to close transport tycoons' company

By Juta and Company (Pty) Ltd Published on Monday, 13 January 2020
Tags: #Insolvency Law #Litigation
The money woes of Durban transport tycoons Alvin and Inderan Naicker have worsened, with Absa Bank applying to have their flagship firm, Crossmoor Transport, liquidated.

More claims against Gupta mines

By Juta and Company (Pty) Ltd Published on Thursday, 09 January 2020
Tags: #Insolvency Law #Litigation
Two of the remaining key assets in the now defunct Gupta empire – coal mines Koornfontein and Optimum – are the subject of yet more litigation, coming on top of the roughly 50 court cases batted away by the business rescue practitioners (BRPs) over the last two years, notes a Moneyweb report.

Tumi Mokwena's law firm placed in liquidation

By Juta and Company (Pty) Ltd Published on Friday, 13 December 2019
Tags: #Insolvency Law #Litigation
The firm of prominent Polokwane lawyer Tumi Mokwena, who has represented EFF leader Julius Malema in the past, has been placed under liquidation following a Limpopo High Court order yesterday, notes News24.

SAA flies into business rescue headwind

By Juta and Company (Pty) Ltd Published on Thursday, 05 December 2019
Tags: #Business & Industry Law #Insolvency Law
After a week of speculation on loss-making SAA’s future, the airline is to be placed in business rescue, the government announced yesterday. Public Enterprises Minister Pravin Gordhan said that business rescue was the best way of avoiding a disorderly implosion of the airline, notes a Business Day report.

SCA judgment a major setback for property magnate

By Juta and Company (Pty) Ltd Published on Monday, 02 December 2019
Tags: #Insolvency Law #Litigation
Property magnate Nic Georgiou may face claims of more than R3bn of investors in two failed Highveld Syndication (HS) schemes, after another defeat in the SCA, says a Moneyweb report.

Mkhwebane laments liquidation threat to Independent Media

By Juta and Company (Pty) Ltd Published on Thursday, 28 November 2019
Tags: #General Legal Practice #Insolvency Law #Media Law
Public Protector Advocate Busisiwe Mkhwebane has apparently noted her concerns about the liquidation application against Sekunjalo Independent Media (SIM), saying to close down the media giant would narrow the number of media voices in the country.

SCA rules that Bosasa is commercially insolvent

By Juta and Company (Pty) Ltd Published on Monday, 25 November 2019
Tags: #Business & Industry Law #Insolvency Law #Litigation
The SCA has ordered that corruption-accused company African Global Operations, formerly Bosasa, is commercially insolvent and should remain in the hands of its liquidators, reports DispatchLIVE.

Jacob Zuma defaults on school fees

By Juta and Company (Pty) Ltd Published on Monday, 18 November 2019
Tags: #Banking & Finance Law #Insolvency Law #Litigation #Property Law
A prestigious KZN school has had to obtain a default judgment against former President Jacob Zuma for his failure to pay school fees of R12 517, Rapport reports.

SCA to decide on Bosasa liquidation saga

By Juta and Company (Pty) Ltd Published on Monday, 18 November 2019
Tags: #Insolvency Law #Litigation
The future of corruption-accused facilities management and security company Bosasa is set to be decided by the SCA after liquidators appointed to wind up the firm, now named African Global Operations, and its subsidiaries have taken their fight to keep the Krugersdorp group under liquidation to the SCA in Bloemfontein.

Sekunjalo directors face probe if liquidation bid succeeds

By Juta and Company (Pty) Ltd Published on Friday, 15 November 2019
Tags: #Insolvency Law #Litigation
In its court application this week to liquidate Sekunjalo Independent Media (SIM) – which controls the country’s largest newspaper group – the PIC annexed an extract from minutes of a 29 October meeting by its portfolio management committee.

PIC seeks to liquidate Sekunjalo Independent Media

By Juta and Company (Pty) Ltd Published on Wednesday, 13 November 2019
Tags: #Insolvency Law #Litigation
The Public Investment Corporation (PIC) has lodged an application to liquidate Sekunjalo Independent Media (SIM), a special purpose vehicle set up in 2013 to buy out Independent Media SA from its Irish owners.

Hawks poised to act against VBS looters

By Juta and Company (Pty) Ltd Published on Monday, 11 November 2019
Tags: #Banking & Finance Law #Insolvency Law #Litigation
Hawks head Lieutenant General Godfrey Lebeya says he expects imminent action in the case against those responsible for looting the now-defunct VBS Mutual Bank.

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