Legal Articles and Guides

The NPA has applied for leave to dispute the authority of BDK Attorneys to represent a Gupta-owned company that is the subject of an interim restraint order.

Raees Cajee’s attempts to stave off the final liquidation of Africrypt, the crypto investment scheme which appears to have roped in R200m before allegedly being hacked in April, have run into some serious headwinds.

Court documents filed by SARS’ Criminal and Illicit Economy Activities division in their sequestration case against alleged VBS Mutual Bank fixer-cum-businessman Kabelo Matsepe reveal that the taxman traced millions of undeclared rands, including 'commissions' from the bank, right into Matsepe’s pocket, writes Pauli van Wyk in a Scorpio report on the Daily Maverick site.

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.

In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the “first aid for companies” option of business rescue.

A liquidation application has been launched against an attorney firm accused of failing to pay an advocate it briefed for lucrative Road Accident Fund (RAF) cases.

Raees Cajee, a co-founder of SA Bitcoin investment firm Africrypt, who is accused of absconding with Bitcoin worth R51bn, said he and his brother were forced to flee the country after receiving threats.

The Gauteng High Court (Pretoria) has ordered a provisional sequestration of a man who owes more than R500k in arrears maintenance to his former wife.

The ANC has been slapped with a summons to repay more than R3.6m it received from corruption-accused company Bosasa in the run-up to the 2014 national elections.

One of a Body Corporate’s fundamental duties is to collect monthly levies from the scheme’s members, and to take robust action to recover any arrears. As with any other creditor/debtor relationship however, trying to recover debt can be an exercise in frustration and delay, and the more recalcitrant the debtor, the greater the temptation to “go straight for the jugular” by applying to sequestrate the debtor’s estate.

Collapsed bitcoin scheme Mirror Trading International (MTI) was placed in final liquidation this week by the Western Cape High Court, according to Moneyweb.

The Eastern Cape High Court (East London) has ruled that the Rawlins Trust, which received about R300m from 991 individuals to invest in high-risk cryptocurrency – and reportedly lost up to R120m in the process – must be finally sequestrated.

Court papers filed by the liquidators for failed crypto scam Mirror Trading International (MTI) lift the curtain on one of the most extraordinary investment rip-offs in SA’s history, according to a Moneyweb report.

DearSA, an NGO formed to facilitate public participation in the legislature and policy making, has been rocked by allegations of fraud and mismanagement.

A black-owned supermarket group that has gone out of business has accused a Walmart-controlled company of crippling its once profitable operations.