


Asset for Share Transactions Unpacked
Section 42 of the Income Tax Act 43 of 1961 as amended (“ITA”) is a critical provision that offers significant advantages for taxpayers involved in corporate restructuring. This section allows for what is known as an asset-for-share transaction, where a taxpayer can...
Understanding the Impact of Whole Agreement Clauses and the Parol Evidence Rule in Contractual Disputes
Introduction In commercial agreements, it is common for contracts to include a “whole agreement” clause, intended to capture the entire understanding between the parties. Such clauses, together with the parol evidence rule, play a significant role...
Understanding Prescription Laws In South Africa
Introduction Prescription, as a legal principle, operates to extinguish a debtor’s obligation to pay a debt after a specified period has elapsed. This principle holds unless the debtor has acknowledged their liability within that timeframe. In the absence...![Sale of Business [On-demand Tutorial]](https://schoemanlaw.co.za/wp-content/uploads/2024/09/Copy-of-SLI-Web-Articles-2.png)
Sale of Business [On-demand Tutorial]
Are you considering selling your business and searching for more information on the legal necessities required to scale, sell, or exit the business? Join Nicolene Schoeman – Louw, an expert in commercial law, as she takes you through all the legal necessities required...
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