The limits of “Confidentiality” – with a Specific Focus on Litigious Proceedings
Confidential information means any information disclosed in however manner that is commercially sensitive. The best way to explain what it is is perhaps to describe what it is not (generally speaking): was publicly known and made generally available in the public...
“Your Time is Up”
Introduction The Companies Act, 71 of 2008 (the “Act”) places a fiduciary duty on all company directors. Therefore, directors are responsible for acting in good faith, exercising reasonable care, skill and diligence and working in the company’s best...
Dealing with Decision-Making Deadlocks in Private Companies
Effective decision–making is an essential part of running any business or company. In essence, companies are governed by the democratic principle on both shareholder and board levels. This means the majority rules both on the shareholder and on the board level. What...
A Penny for Your Thoughts?
Sadly, as the country is slowly recovering from Covid 19, most companies have not recovered from Covid 19 and found themselves unable to make ends meet. The only way out would be to declare the Company insolvent and start with the liquidation process. This article...
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