by VDT Attorneys | Aug 8, 2018 | Business, Business Rescue, Commercial, Company, Director, Insolvency, Shares
The short answer to this question is no. Your company creditors should not be able to come after you personally. But, this is a qualified no. At the core of our company law is the concept of limited liability which implies that the shareholders and directors of the...
by VDT Attorneys | Aug 8, 2018 | BEE, Commercial, Company, Compliance
Since the Amended Codes of Good Practice for BEE (“BEE Codes”) came into operation about three years ago, many larger companies have found it increasingly difficult to comply with the elevated targets set for them under the Procurement element of their BEE scorecard....
by VDT Attorneys | Jul 12, 2018 | Commercial, Company, Corporate, Investment, Tax
A venture capital company or “VCC”, although receiving market interest of late, is not a new thing and was introduced in 2009 as section 12J of the Income Tax Act 58 of 1962 (the “Act”). The VCC forms part of Government’s philosophy of expanding economic growth...
by VDT Attorneys | Jul 12, 2018 | BEE, Business, Commercial, Company
On 29 March and 15 June 2018 respectively, the Minister of Trade and Industry issued proposed amendments to the General Principles, the Definitions, the Enterprise and Supplier Development Statements and Skills Development Statements of the Codes of Good Practice on...
by VDT Attorneys | Jun 7, 2018 | Commercial, Consumer, Contract, Litigation
We have all seen the fine print in standard form agreements, sometimes with print so small and filled with legalese that even to the trained eye, these provisions look like another language altogether. In general in our law there is a growing trend away from such fine...
by VDT Attorneys | May 15, 2018 | Commercial, Compliance, Data privacy, Data Protection, Information, POPI
In an era where personal information is collected, shared, and sold to third parties for commercial gain or benefit, often without the knowledge or consent of the consumers, people want to know how their personal information will be handled by businesses and to whom...
