Understanding the Removal of Directors vs Shareholders in Companies
Introduction When it comes to corporate governance, understanding the distinction between the removal of directors and shareholders is crucial for both business owners and investors. While the removal of a director is relatively straightforward under South African...
Life Rights and Developer Insolvency: Legal Protection for Retirees?
Introduction In Herold Gie & Broadhead Inc v St Leger Retirement Hotel Residents,[1] the Supreme Court of Appeal (“SCA”) has authoritatively confirmed the legal position on life rights in retirement developments. This ruling overturns a previous...
What It Means When a Financial Services Provider’s (FSP) Licence Is Suspended
Introduction Financial Services Providers (“FSPs”) play a crucial role in delivering financial advice and intermediary services. To operate legally, they must hold a licence issued under the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS...
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