Security Officers’ rate on the rise

The test for insolvency revisited: Setting aside liquidation proceedings

In the case of The Commissioner for the South African Revenue Service v Nyhonyha and Others (1150/2021) ZASCA 69 (18 May 2023) the Supreme Court of Appeal (SCA) was confronted with the question of whether the High Court erred in setting aside an order for the liquidation of Regiments Capital (Pty) Ltd (Regiments) in circumstances where the conditions that led to the order for liquidation had sincechanged. 

2024 Budget summary: VAT

Is conducting a wholly virtual shareholder meeting or AGM compliant with the Companies Act?

The COVID-19 pandemic posed various practical difficulties for many companies. Among those difficulties were the complexities of ensuring compliance with companies’ statutory obligations in terms of the Companies Act 71 of 2008 (Companies Act). At a time when remote working and virtual meetings became the “ new normal ”, many companies were required to rapidly adapt their standard procedures and structures to ensure their continued functioning as well as their legal and corporate governance compliance.

Agreement ‘in principle’? Unpacking the enforceability of agreements to agree

An agreement only gives rise to legally enforceable and reciprocal rights when certain requirements are met; certainty being one such important requirement. For an agreement to be certain, the material terms of the agreement have to be clear, defined and unambiguous.

The route from A to DD: A roadmap for a successful due diligence

The value of a thorough due diligence process in any merger/acquisition transaction cannot be overstated. Not only does a due diligence (DD) provide comfort to an investor that the financial, operational and legal risks of its investment have been identified and mitigated, but it also provides scope for assessing and testing the valuation of the target. Despite their benefit, due diligence investigations are often viewed as a “ grudge spend ” by investors or an administrative hoop to jump through in order to obtain approval for an investment. However, there are ways in which an investor can approach and structure a due diligence investigation in order to maximise the benefit of the process and, very often, reduce costs.

Revised fees for immigration services in Kenya from 1 March 2024

Kenya is the largest and most advanced economy in East and Central Africa. The country is open for business to well-positioned companies with strategic objectives to tap into the growing potential of emerging markets in theregion.