Our team acts for a leading South Africa-based financial advisory services company
Our team acts for a leading South Africa-based financial advisory services company
Our team acts for a leading South Africa-based financial advisory services company in opposing a class action suit launched against several respondents who represent classes of shareholders in a defunct manufacturing and retail group.
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18 Mar 2025
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For over 50 years arbitrations in South Africa were governed by the Arbitration Act 42 of 1965. This legislation did not distinguish between, or prescribe different procedures for, international and domestic arbitrations. This changed in 2017 with the promulgation of the International Arbitration Act 15 of 2017 (International Act). Since then (subject to transitional provisions applicable to arbitrations that began prior to 2017) international arbitrations seated in South Africa are governed by the International Act, whereas domestic arbitrations continue to be governed by the 1965 legislation (Domestic Act).
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27 Nov 2024
by Ian Hayes, Yaniv Kleitman, Storm Arends and Kerah Hamilton
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The stability of a company’s board of directors is vital in maintaining good corporate governance. This stability may be challenged where unforeseen circumstances, such as death, sudden resignations or incapacity, give rise to vacancies on the board. The Companies Act 71 of 2008 (Companies Act) provides a process to be followed for filling such vacancies, which is, of course, subject to the company’s memorandum of incorporation (MOI). The question that often arises is: how soon does a casual vacancy have to be filled before it is no longer considered a “ vacancy ”?
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10 Feb 2025
Annual increase to the national minimum wage, effective 1 March 2025
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