12 June 2020

From 5 March 2020, when filing annual returns, almost all companies must prepare a compliance report, and complete CIPC’s compliance checklist. A person who knowingly provides false information to the CIPC may be fined or imprisoned for up to 12 months. It is therefore extremely important for directors to carefully consider each of the compliance […]

Under South African law, if it becomes impossible for a party to comply with a contract, due to “vis major” (being a direct act of nature which could not reasonably have been foreseen or guarded against), or “casus fortuitus” (being an event having occurred by chance), the contract will terminate by operation of law. Often,