Compliance with the formalities regarding Inter company loans and the Companies Act No. 71 of 2008
With regards to the Companies Act No. 71 of 2008 (“Act”) which came into force on the 1st of May 2011, there is a lot of heated debate and different views on the compliance with the Act regarding inter company loans. Please see below a link which we are...
Random Questions regarding the Consumer Protection Act No. 68 of 2008
When may you be held liable for damages caused by goods? The producer or importer, distributor or retailer of any goods is liable for any harm caused wholly or partly as a consequence of: supplying any unsafe goods; a product failure, defect or hazard in any goods; or...
Business Rescue
DEFINITION Business rescue (“BR”) means proceedings to facilitate the rehabilitation of a company that is “financially distressed” by providing for certain procedures. CONCEPT The concept of business rescue is designed to provide a mechanism to a company...