Legal Articles and Guides
R990 000 payment allegedly made to struck-off liquidator
Former Arthur Kaplan boss Hoosain Mohamed allegedly made a R990 000 payment to controversial liquidator Enver Motala, reports The Star.
Disbarred attorney faces justice from the grave
A disbarred attorney who withdrew R522 759 from a dead man’s bank account has had his estate placed under provisional sequestration by the Western Cape High Court and the matter is now in the hands of the Master of the High Court in Cape Town.
Nova fights winding up applications
The Nova Property Group is facing winding up applications in the High Court for 12 companies because they are allegedly unable to pay their debts, reports Moneyweb.
Jewellery store battle takes turn with family heirloom
A brewing war between liquidators and feuding families in the ongoing saga of the multimillion-Rand Arthur Kaplan jewellery heist has taken a new turn, with claims and counter-claims over a family heirloom taking centre stage.
Ex-Arthur Kaplan director remanded in custody
The complicated bail hearing for the businessman and former director of Arthur Kaplan Jewellers, Hoosein Mohamed, will continue today, reports TimesLIVE.
Former Arthur Kaplan director in court today
For the past few days, the Arthur Kaplan flagship store World’s Finest Watches, branded as the only specialist prestige watch boutique in Sandton catering for exclusive clientele both local and abroad, has stood closed with dummy displays in the window.
Investors seek liquidation of Zephan
The failed rescue effort of the Highveld Syndication (HS) schemes will see the inside of yet another courtroom, reports Moneyweb.
R40m jewel heist unpacked
The 22-year-old alleged girlfriend of an upmarket jeweller has been accused of spiriting away luxury watches and other jewellery worth about R40m in an audacious series of heists to hide them from liquidators for her boss.
‘Ponzi’ scheme company liquidated
An investment company in Kempton Park that authorities say solicited hundreds of millions of rands in investments without a licence has been liquidated, reports Fin24.
Sapo applies for business rescue
The SA Post Office (Sapo)– which was put in provisional liquidation in February – is applying to the courts to be placed in business rescue, enabling it to avoid further lawsuits by unpaid creditors and perhaps escape liquidation.
Tongaat creditors approve business rescue plan
Tongaat Hulett creditors yesterday voted almost unanimously in favour of the rescue plan for the company's property arm, which is to be wound down.
Creditors want Luxe wound up
At least three companies – owed millions by Arthur Kaplan and NWJ jewellers – have separately applied to the Gauteng High Court (Johannesburg) for the liquidation of holding company Luxe Holdings, with one describing it as ‘hopeless at paying debts’.
SA businesses buckling under load shedding
Stats SA has published the latest liquidation statistics for businesses in SA, showing that 523 companies have shut their doors in the country to date.
SCA confirms Regiments Capital liquidation
SARS has scuppered an attempt to set aside the liquidation of Gupta-linked company Regiments Capital, reports Fin24.
Luxe secretly winds up jewellers
Luxe – a jewellery company that has Arthur Kaplan and NWJ as subsidiaries and which is suspended from trade on the JSE – had the companies placed in liquidation in March, and failed to tell the market about it.
