Category Archives: News

Business Rescue: Lapsing of board resolution not automatic

The effect of business rescue proceedings is that a temporary moratorium is placed on the rights of all persons to claim against the company, during which time the affairs of the company are restructured through the development of a business rescue plan the purpose of which is to allow for the continuation of the business on a solvent basis, or where that is not possible,...

Good neighbourliness: Storm water in a teacup

 

For further information on South African law, or for legal assistance in property, family, business and other areas of the law, contact Ramsay Webber Inc at +2711 778 0600 or info@ramweb.co.za 

Neighbourly disputes – whether over noisy parties, leaves falling onto the other’s property or even more trivial matters – are generally petty in nature and may be overcome with a good, neighbourly chat.

However, this is...

Can interest exceed the capital amount?

 

Before the decision of the Supreme Court of Appeal in Paulsen v Slip Knot Investments (434/13) [2014] ZASCA, there was uncertainty on whether the in duplum rule applied only to default interest, being interest accrued on a capital amount which has fallen due for payment but has not been paid, or whether it also applied to interest accrued on capital which has not yet become...