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...
UNDERSTANDING THE LEGAL RECOGNITION AND REMOVAL OF TRUSTEES IN SOUTH AFRICA
Background: In South African law, the role of a trustee in the administration of a trust carries significant legal responsibility and fiduciary obligations. However, the mere nomination or acceptance of the role of trustee does not automatically grant one the...