Category: Company Law

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What is the Definition of ‘A Calendar Year’?

Maponya Attorneys
There are certain words and phrases that we all know, subconsciously, what their meanings are, but if we were asked to define such words or explain such phrases to a five-year-old child, we would stumble on our words. “ Click Here to read the full article by Phindulo Munyai (Attorney)Maponya

Employers Practice Liability

Maponya Attorneys
In South Africa, there is an average of 800 employee versus employer cases a day at the CCMA. Of these, at least half are won by the aggrieved employee. The CCMA can award up to 12 months of an employees’ salary if you’re on the wrong side of, for example,...

Removal of Directors: Does it constitute dismissal under the Labour Relations Act?

Maponya Attorneys
The Companies Act No. 71 of 2008 (‘’the Act’’) regulates the removal of directors. A director of a company may be removed as a director in terms of section(s) 71 (removal of directors) and 137(5) (effect on shareholders and directors) of the Act. Under section 71 of the Act a...

Appointing the best BRP

Maponya Attorneys
The fiduciary duties of the BRP (business rescue practitioner) are defined by legislation and by the many roles the BRP plays in the business rescue proceedings. These duties include acting with the utmost trust, loyalty, good faith and confidence, to the benefit of all stakeholders in the business rescue process....

Piercing the Corporate Veil

Maponya Attorneys
Piercing the corporate veil through the shadow of “trusts”. The notion "piercing the corporate veil" remains one of the most contested areas of litigation within the corporate law context, yet it is the least understood subject. The general principle is that companies or corporate entities are regarded as legal entities...

A Binding Offer

Maponya Attorneys
Chapter 6 of the New Companies Act deals with Business Rescue, a process which means facilitating the rehabilitation of a company that is financially distressed by providing for the temporary supervision of the company and of the management of its affairs. During these proceedings the affairs of the company are...