Suppliers, Be Aware of Your Implied Warranty

The term "warranty" is an importation from English law terminology and generally refers to a term of a contract as opposed to a mere puff or representation. A warranty is a term whereby a party assumes contractual liability for the existence of a certain state of affairs or the occurrence of an event. It can [...]

Delinquent Directors – the first reported decision in which a person has been declared a delinquent director

The Companies Act 71of 2008 provides for a court application to declare a director delinquent or have him placed under an order of probation, specifically section 162. The Act allows the following ‘persons’ to make such application: a company, a shareholder, director, company secretary, prescribed officer, a registered trade union representing employees of the company [...]

Disclosure of Directors Personal Financial Interest: A certain necessity!

In terms of the common law all contracts between a director and the company is voidable at the instance of the company (see Phillips v Fieldstone Africa (Pty) Ltd, 2004 case). Approval of the contract by the other directors cannot suffice. A director cannot have an interest in a contract with the company, whether direct [...]

The Many Benefits of understanding Company Law

  When it comes to running a business, millions of people simply try to do it without any sort of legal consultation. Many end up becoming successful after a few years and then they realize that there are a lot of things that they haven’t complied with completely. It’s the complications that come through breaking [...]

Membership application successful

Background SCG Legal is a seamless global network of over 145 of the legal profession’s preeminent independent law firms, with more than 11,500 attorneys in nearly 450 offices around the world. By uniting skills, expertise and influence, the member firms of SCG Legal help leading and growing companies in every industry navigate a complex and [...]

Deals published in “Without Prejudice” Publication – July 2013

 LINK: Deals published in Without Prejudice Publication - July 2013    Photos of the signing ceremony:     

Corporate Governance Is Essential to All Companies

  Governance makes or breaks a country if not properly carried out. The great economies of the world are characterized by good governance, while those economies below the threshold are characterized by poor governance. The same implication applies to the corporate world. Corporate governance is essentially the lifeblood of any company and of every country’s [...]

Our Johannesburg office is finally open !!!

As invariably happens with building and renovation projects, the first 99% goes smoothly and the last 1% takes for ever to complete. Finally though, we can announce that our Melrose Arch office, Johannesburg is open and operational. We are always very much aware of, grateful for and humbled by the loyal support of our clients, which has enabled [...]

Great People , Mega Deals

The month of May was a very busy, but extremely exciting month for us.   Earlier this year we planned, in conjunction with all parties involved, to implement 3 transactions in sequence on the 31st of May.   The first transaction was the sale of a partnership interest with a deal value ZAR 55 700 000; [...]

What Make Acquisition and Merger Negotiations Successful?

In business, acquisition means having one company take the assets of another while merger is used to denote the merging of two companies. As a result, a new company emerges. However, mergers and acquisitions can be hard to achieve. There are some factors that determine the success of acquisition and merger negotiations. Being Authentic It [...]

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