by VDT Attorneys | Sep 3, 2024 | AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Companies Act, Company, Trust
While proper administration of a trust has always been a duty of trustees, the manner in which the duty is discharged is now under scrutiny, particularly following the arrival of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act...
by VDT Attorneys | Sep 3, 2024 | Banking Fraud, Cybercrime, Email Hacking, Fraud
The recent case of Edward Nathan Sonnenberg Inc. v Judith Mary Hawarden (421/2023) [2024] ZASCA 90 (10 June 2024) sounds like a resounding warning to all consumers to take precautions to ensure they don’t fall victim to increasingly clever cybercriminals. In this...
by VDT Attorneys | Sep 2, 2024 | Debt, Director, Waiver of Rights
In the matter of Phoenix Salt Industries (Pty) Ltd v The Lubavitch Foundation of South Africa (330/2023) [2024] ZASCA 107 (3 July 2024) (hereinafter referred to as the “Phoenix case”), the court had to determine if former directors could waive their right to reclaim...
by VDT Attorneys | Sep 2, 2024 | Dispute resolution, Home Owners Association, Property Development
When purchasing property in an estate one may be required to form part of the Homeowner’s Association (HOA) whose key obligation is to apply and enforce regulations and procedures agreed upon in the HOA’s constitution (Memorandum of Incorporation). The HOA may...
by VDT Attorneys | Sep 2, 2024 | Art, Deceased Estate, Estate duty, Estate Planning
Following an individual’s passing, their estate may be subject to various taxes including Income Tax, Capital Gains Tax, Donations Tax, Estate Duty, and potentially VAT. The specific tax liabilities will vary based on the types of assets in the estate and the...
