Our team represented a leading US-based global professional services network
Our team represented a leading US-based global professional services network
We represented a leading US-based global professional services network in a cluster of related actions where so-called investors, who had invested their monies in a Ponzi scheme, sought an indemnity from our client should they not recover their money from the fraudster's estate.
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26 Sep 2024
by Natasha Fletcher
Natasha Fletcher, was featured in the DealMakers Women 2024 Issue where she discussed her career path
Natasha Fletcher, Counsel in the Real Estate practice was featured in the DealMakers Women 2024 Issue where she discussed her career path.
Real Estate Law
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24 Apr 2024
by Tessa Brewis, Deepesh Desai and Jamie Oliver
Surviving the impact of the electricity crisis on food production
Persistent loadshedding continues to pose a significant threat to South Africa’s food supply chain and agricultural production. Unforeseen power cuts affect irrigation schedules, heating, fruit and wine processing, milling, bakeries, abattoirs, cold chain logistic and exports. Extreme bouts of rotational power cuts and sporadic changes to the loadshedding stages, have in certain instances resulted in farms and processors having to discard their produce, with farmers reporting losses of between 30% to 50%. The frustration within the agricultural sector is driving farmers and agri-processors to find new solutions to mitigate their losses and manage theirrisk.
Agriculture, Aquaculture & Fishing
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22 Feb 2024
by Dane Kruger and Jenny Harwin
Don’t throw cautionaries to the wind: Navigating communication about potential affected transactions
In the context of “ affected transactions ”, which are transactions that are regulated in terms of the Takeover Regulations (see section 117(1)(c) of the Companies Act 71 of 2008 (Companies Act)), it is well-established and understood that the publication of a “ firm intention announcement ” (FIA) in respect of an affected transaction is a watershed event. The publication of an FIA triggers the commencement of the “ offer period ” (firm offer period) in respect of an affected transaction. From this point, the applicable offeror is bound to make a firm offer to the offeree-regulated company or its shareholders, as applicable, and to see the affected transaction to completion on and subject to the salient terms and conditions set out in theFIA.
Corporate & Commercial Law
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22 May 2024
by Tayyibah Suliman and Lutfiyya Ramiah
Proposed directive on crypto transactions
South Africa’s cryptocurrency landscape may be in for a shift as the Financial Intelligence Centre (FIC) released a proposed directive regarding crypto assettransfers
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31 Jul 2024
by Timothy Baker, Claudia Moser and Denzil Mhlongo
Ignore sequestration proceedings at your peril
Parties who agree to be personally liable for a debt, for example by way of signing a suretyship or a guarantee, should take heed of the potentially dire consequences for them if they choose to ignore subsequent sequestration proceedings against them. In the recent case of Eamon Courtney v Izak Johannes Boshoff NO and Others (483/2023) ZASCA 104, the Supreme Court of Appeal (SCA) dealt with the consequences facing a party should it not defend sequestration proceedings, despite such proceedings being procedurally flawed.
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12 Aug 2024
by Thabang Rapuleng and Malesela Letwaba
Transfer or no transfer? A consideration of the provisions of section 197 of the LRA and dismissals that flow from it
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