by VDT Attorneys | Feb 27, 2023 | Amendment Act, Beneficial Ownership, Company, Compliance, Fines, Money Laundering, Trust
In South Africa, trusts are regulated in terms of our common law and the Trust Property Control Act 57 of 1988 (“Trust Act”). The Trust Act regulates the administrative aspects of trusts and is the primary statute that governs trust law in South Africa. But why the...
by VDT Attorneys | Feb 21, 2023 | Amendment Act, Company, Compliance, Fines, Money Laundering
We will over the next few weeks, in a series of articles, unpack each of the major changes and their respective implications, commencing with this overview article addressing the reasons for the amendments and the main areas of law affected. South Africa’s anti-money...
by VDT Attorneys | Jan 10, 2023 | Competition Commission, Merger, Mergers & Acquisitions
The Competition Act 89 of 1998 (“Competition Act”) defines a merger as a “direct or indirect acquisition or direct or indirect establishment of control by one or more persons over all significant interest in the whole or part of the business of another firm”. Mergers...
by VDT Attorneys | Jan 10, 2023 | Antenuptial contract, Divorce, Marriage, Matrimonial Regimes
An antenuptial contract or ANC, entered into before the conclusion of a marriage, is used to govern the matrimonial property system between spouses. But what happens if the parties to a marriage conclude a separate agreement which purports to change some of the...
by VDT Attorneys | Jan 10, 2023 | BCEA, Loadshedding, Salary deduction, Section 34
The primary duty of an employee is to place their personal services at the disposal of the employer, whilst that of the employer is to remunerate the employee regardless of the fact whether the employee performs on a particular day or not as a result of loadshedding...
