SHAREHOLDING STRUCTURES: THE UTILISATION OF DIFFERENT CLASSES OF ORDINARY SHARES
R Jooste and J Yeats in the second edition of Contemporary Company Law states that a company has “almost unlimited freedom to create the capital structure it desires and in so doing to structure the rights of each of its various classes of shares in an almost infinite...
CONVERTING DEBT INTO SHARES: A PRACTICAL LEGAL OVERVIEW
Introduction In the lifecycle of a growing business, it is not uncommon for companies to rely on shareholder or third-party loans to fund operations and expansion. However, as businesses evolve, the continued existence of debt on the balance sheet may become...
SOUTH AFRICAN COURTS WEIGH IN ON THE ETHICAL USE OF ARTIFICIAL INTELLIGENCE IN LEGAL PRACTICE
Background: Artificial Intelligence (“AI”) is increasingly being adopted in South African legal practice, offering efficiency and convenience in tasks such as legal research, drafting and document analysis. However, the courts have made it clear that the benefits of...