by VDT Attorneys | Jun 26, 2024 | Amendment Act, AML, Trustee Duties
If a trust deed is amended, the trustees are required to lodge the amended version of the trust instrument or a certified copy with the relevant Master of the High Court that has jurisdiction (where the trust was registered initially). If a trustee is appointed after...
by VDT Attorneys | Jun 26, 2024 | Companies Act, Director liability,, Section 218(2)
In the matter of Venator Africa (Pty) Ltd v Watts and Another (053/20230) [2024] ZASCA 60 (24 April 2024), the Supreme Court of Appeal re-affirmed the principle that a company has a separate juristic personality from its directors/shareholders and that an aggrieved...
by VDT Attorneys | Jun 26, 2024 | Automotive, Manufacturing, Renewable energy, Trade & Investment
This initiative, scheduled for commencement from 1 March 2026, introduces an investment allowance for companies investing in the production capacity for electric and hydrogen-powered vehicles which will permit producers to claim 150% of the qualified spending in the...
by VDT Attorneys | Jun 19, 2024 | Agreement, National Credit Act
To determine if the NCA is applicable to a specific transaction or agreement, one must first consider if the consumer involved in the transaction falls under the definition contained in section 4 of the Act. Thereafter one will consider if the specific agreement is a...
by VDT Attorneys | Jun 19, 2024 | Child, Child Rights, Children’s Act, Contract
As stipulated in the Children’s Act 38 of 2005, a child, whether male or female, becomes a major upon reaching the age of 18 years. Similar to persons of unsound mind, minor children under the age of 7 do not have contractual capacity. No agreement entered into by...
