“Fronting” in Broad-Based Black Economic Empowerment deals has recently found itself in the courts as Gauteng High Court Judge Ellem Francis handed down judgment on a case involving the Passenger Rail Agency of SA (PRASA) and Swifambo Rail Agency (Pty) Ltd. The court heard arguments in relation to a tender awarded to Swifambo by PRASA […]
VDMA is proud to announce its rating as the number one law firm in South Africa in the unlisted mergers and aquisitions arena for the first quarter of 2018. This acknowledgment and ranking of our position in the market is an honour for VDMA. 2018 has led to increased confidence and deal flow in South […]
You own a business and you put a sign up saying, “Park at your own risk” – which effectively amounts to a ‘contract’ – simply put, you are saying that anyone can enter your premises on that basis – if they don’t want to then they shouldn’t enter – and that you are not liable […]
The Renewable Energy Power Producer Procurement Programme, also known as “REIPPPP”, is a South African private-public programme developed to encourage private investment in South Africa. It is designed to contribute to achieving the national renewable energy target whilst encouraging foreign investment and developing socio-economic and environmentally sustainable growth in South Africa (you will be able […]
How often do we see those adverts “perfect for home-office” or “ideal for business” on an estate agent’s advertising platform and take it as a given that the said property is in fact ‘ideal for business’? But often these advertising statements are either loosely, incorrectly or deceitfully used in order to make a property more […]
A family business trust is one where the trustees are beneficiaries of the trust and the beneficiaries are related to each other. It has become common practice to use inter vivos family trusts as asset protection, particularly in the context of estate planning, in order to secure the financial interests and protect the property of […]
Business rescue practitioners in for regulation Changes to the legal framework and regulation of business rescue, particularly to registration of practitioners, will take effect as from 1 October 2017. Business rescue, which was introduced in South Africa as a solution to insolvency, came into effect via Chapter 6 of the Companies Act in 2011. Although […]
A look at some Interesting amendments to King IV, 2016 In July 1993, retired Supreme Court of South Africa Judge Mervyn E. King was asked by the Institute of Directors in South Africa to chair a committee on corporate governance. The committee’s report, aptly named, was to be the first of its kind in South […]
On 22 June 2017, commercial and corporate law firm Gillan & Veldhuizen (G&V Inc.) announced their affiliation with IR Global, an international professional service network. This partnership makes G&V Inc. an exclusive IR Global member In South Africa, supplying commercial litigation services to all other members and outside users. CEO PJ Veldhuizen says that this […]
The misconceptions that auctions are reserved for distressed properties or that it is a hunting ground for bargains, is steadily being corrected as more and more people opt for the auction floor as opposed to traditional real estate channels. The auction process has seen much success in the property market for many years and selling […]
With overburdened courts, lengthy trials and exorbitant litigation fees, mediation, already popular internationally, is often overlooked as a solution for individuals and businesses to resolve disputes in South Africa. Not only has it proved to be cost-effective but more importantly, mediation is less destructive and fair, with speedier resolutions being reached compared to the lengthy […]
We are grateful that we have achieved the No.5 position for deal flow and No.6 position for deal value in 2017. We are grateful for this achievement and for our clients who trust us with their corporate activity. It is a highly competitive market with the constant entry of new Global law firms. What makes […]