by VDT Attorneys | Dec 14, 2016 | Company, Corporate, Credit Act, Shares
In terms of the National Credit Act an agreement can be considered a credit agreement if it is a credit facility, a credit transaction, a credit guarantee, or any combination of the above. In the case where a party sells his shares to a purchaser and the agreement...
by VDT Attorneys | Dec 14, 2016 | Commercial, Company, Corporate
A company is a juristic person and can only act through its shareholders and directors. For now I will discuss the position regarding the taking of shareholder decisions or ‘resolutions’, and provide a brief overview of the default position established by the...
by VDT Attorneys | Sep 8, 2015 | Commercial, Corporate
Setting up a company can be a relatively quick exercise, especially if you have done your homework well. To help you, I now list the main steps you need to follow to register a private company. The first step is to get a name for your company. Most names are...
by VDT Attorneys | Jun 11, 2015 | Corporate, Dispute resolution, Mediation
In short, mediation could present ABC Grocers with a useful alternative to formal litigation for the following reasons: • Mediation is an informal and voluntary process, which is convened once both parties to the dispute agree that it is the best course of action to...
by VDT Attorneys | Jun 11, 2015 | BEE, Corporate, Equity
Some of the reasons provided pursuant to the initial notice regarding the cap on BEE ownership points to be earned through BBOS and ESOPs, included the following: • The beneficiaries thereof will never have a real opportunity to participate in and drive the business...
by VDT Attorneys | Feb 13, 2015 | Corporate
There are a myriad of reasons why shareholders might no longer get along and wish to terminate the relationship by winding up the company. Sometimes shareholders disagree on matters related to the business of the company and may find themselves in a deadlock, if their...
