Derivative actions in terms of the Companies Act No. 71 of 2008
A derivative action is an action which can be brought on behalf of another. A derivative action is a remedy which is effective and which is unfortunately sometimes overlooked. The derivative action was only available to shareholders in terms of the 1973 Act. The ambit...
Competition law on joint ventures and special purpose vehicles
With regards to any joint venture in whatever form – a company, partnership or in any other form, it is prudent to consider the application of competition law on the joint venture and/or special purpose vehicles. We provide herewith an Update issued by the...
Escrow agreements
We have been involved with a series of escrow arrangement the past weeks. An escrow is an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money and/or documents for the...