
Close corporation liability: participation in gross abuse, not mere membership, is key
The Supreme Court of Appeal confirms that a member’s ownership stake alone does not trigger personal liability for a close corporation’s debts.
The Supreme Court of Appeal confirms that a member’s ownership stake alone does not trigger personal liability for a close corporation’s debts.
Supreme Court rejects SARS’s argument that the expert’s opinion was tainted by self-interest because of the fee he would earn.
If a buyer transfers funds after relying on altered invoice instructions, the contractual obligation remains unfulfilled until the seller’s nominated account is actually credited.
At issue is whether a death benefit received by a surviving spouse is protected from the creditors of an insolvent joint estate.
The outcome of Discovery Health’s appeal before the SCA will affect the outcome of the member’s claim for R1.4 million.
The Supreme Court of Appeal did not address the substantive issues, finding that a change in circumstances rendered the appeal moot.
The Supreme Court of Appeal’s dismissal of the Council for Medical Schemes’ appeal against providing documents to the Board of Healthcare Funders on low-cost benefit options marks the latest development in the ongoing legal dispute.
The following article is reproduced from Talking Point, a publication issued by Walkers Attorneys in Cape Town, with their kind permission. Sangoma training and work ethic by Amien Hoosain Kiewits Kroon Country Estate […]
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