by VDT Attorneys | Jan 8, 2022 | Bond, Mortgage, Property
When you cancel your mortgage bond, most banks will contractually charge you a cancellation fee. Such fees can be for early termination of the bond or for giving less than 90 days notice of your intention to cancel. Unless your mortgage agreement is silent on the...
by VDT Attorneys | Dec 14, 2021 | Arbitration, Dispute resolution
Recent years has seen arbitration gaining tremendous impetus as a viable, and in many cases, preferred method of dispute resolution as compared to traditional court-based litigation. Why the rise in popularity? Here are some of the most notable reasons: It is well...
by VDT Attorneys | Dec 14, 2021 | Deceased Estate, Estate Planning, Property
Where immovable property has been acquired by a person during their lifetime and such person passes away, the property forms part of that person’s estate and must be administered according to his will. The deceased can nominate one or more persons in his will to...
by VDT Attorneys | Dec 14, 2021 | Commercial, Company, Corporate
Yes, there are new changes being proposed to the Companies Act. On 1 October 2021 the Companies Amendment Bill, 2021 (“Bill”) was published for comment. It is explained that the Bill aims to address some of the administrative bottlenecks identified since the advent of...
by VDT Attorneys | Dec 14, 2021 | B-BBEE Act, BEE, Business
To answer this, it is important to outline the objectives of the Broad-Based Black Economic Empowerment Act 53 of 2003 (“B-BBEE Act””). The B-BBEE Act was enacted to redress historical disparities suffered by specific races in South Africa. It aims to do this by...
