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Steinhoff breached Companies Act in 2019

By Daily News Published on Monday, 05 July 2021
Tags: #Company Law #Litigation
Steinhoff's route to concluding a settlement with claimants may have got trickier after the Western Cape High Court found that it breached the Companies Act two years ago.

EOH in multi-billions suit against former top brass

By Daily News Published on Tuesday, 29 June 2021
Tags: #Business & Industry Law #Company Law #Litigation
EOH Holdings is suing its co-founder and former CEO, Asher Bohbot, and its former chief financial officer, John King.

ConCourt confirms SCA’s Altron ruling

By Daily News Published on Monday, 24 May 2021
Tags: #Company Law #Litigation
The Constitutional Court has ruled in favour of Altron, standing behind a 2020 decision by the SCA to overturn a High Court ruling on the loss of a contract worth R1.2bn by the City of Tshwane that had been awarded to the technology group.

Are Restraints of Trade Valid in a Time of Covid?

By Ashersons Attorneys Published on Thursday, 13 May 2021
Tags: #Civil Rights #Company Law #Employment and Labour Law #Litigation
Consider this unhappy (but not unlikely) scenario: For whatever reason, you part ways with your fellow director/shareholder (or perhaps a key employee), who goes off immediately to join (or found) the opposition.

Another day, another defeat for Myeni

By Daily News Published on Tuesday, 13 April 2021
Tags: #Business & Industry Law #Company Law #Litigation
Former SAA chairperson Dudu Myeni's attempts to reverse the lifetime declaration that she is a delinquent director may be almost over, with only the Constitutional Court option left.

Guptas take battle with BRPs to top court

By Daily News Published on Thursday, 08 April 2021
Tags: #Company Law #Insolvency Law #Litigation
The Gupta family have turned to the Constitutional Court in a bid to wrest control of some of their biggest companies from the hands of business rescue practitioners (BRPs) – who they have accused of maliciously implicating them in criminal conduct, according to a News24 report.

Land Bank hits suspended CEO with R3.5m penalty

By Daily News Published on Wednesday, 10 March 2021
Tags: #Company Law #Litigation
Daybreak Farms’ Boas Seruwe, abruptly suspended in January as chief executive of the poultry producer midway through his five-year contract, has been slapped with a R3.5m penalty by the Land Bank for irregularly paying out dividends to Daybreak’s shareholder without consent from the development finance institution.

Deloitte offers R1bn in Steinhoff ‘settlement’

By Daily News Published on Tuesday, 16 February 2021
Tags: #Company Law #Litigation
In a deal that could herald the end of one of Deloitte’s messiest chapters in SA, the global big four audit firm – accused of having failed to detect accounting fraud at Steinhoff – has offered more than R1bn to help its former client settle claims related to the scandal.

Another ruling against delinquent director Myeni

By Daily News Published on Tuesday, 16 February 2021
Tags: #Civil Rights #Company Law #Litigation
Former SAA chair Dudu Myeni has been dealt yet another blow in her attempts to halt the implementation of a ruling from 2020 which found her to be a delinquent director.

Another appraisal rights win for minority shareholders

By Daily News Published on Thursday, 11 February 2021
Tags: #Company Law #Litigation
Minority shareholders should not have to resort to legal action to get a company to buy back their shares at ‘fair value’ if it implements a significant transaction they oppose.

How does voluntary liquidation work in South Africa?

By Barnard Incorporated | Nihann van Rooyen | Published on Friday, 08 January 2021
Tags: #Company Law #Insolvency Law
The process of liquidation involves a company (or close corporation) ceasing all trading activities, selling its company assets and then distributing the proceeds to its creditors. There are two options for the voluntary winding-up of a solvent business.

Liquidation a step nearer for Gupta-linked firms

By Daily News Published on Wednesday, 25 November 2020
Tags: #Company Law #Insolvency Law #Litigation
Several companies owned by controversial Gupta lieutenants Eric Wood and Salim Essa are close to being liquidated after the Gauteng High Court (Johannesburg) ordered that they be treated as one entity before their winding down, says a Cape Times report.

Myeni's delinquent director challenge takes new shape

By Daily News Published on Thursday, 19 November 2020
Tags: #Company Law #Litigation
Former SAA chairperson Dudu Myeni is seeking leave to introduce new evidence pertaining to the testimony of the airline's former board member, Yakhe Kwinana, at the State Capture Inquiry.

Force majeure on the fringes of the pandemic lockdown

By Barnard Incorporated | Izak Viljoen | Published on Monday, 16 November 2020
Tags: #Business & Industry Law #Company Law #Litigation
The COVID-19 pandemic-induced lockdown in South Africa has brought the legal considerations of force majeure into sharp focus across multiple industries, particularly in engineering and construction circles.

Steinhoff gets lawsuits backing, but ...

By Daily News Published on Friday, 06 November 2020
Tags: #Company Law #Litigation
Steinhoff has been emboldened in its attempt to settle some 90 lawsuits for R18.7bn after all but one of its creditors voted in favour of a settlement, Die Burger reports.

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