Month: February 2026

Introduction A Joint Venture is a strategic business arrangement where two or more parties agree to pool their resources and expertise to achieve a specific goal or project. The parties involved share risks, costs, profits, and losses. Joint ventures can be formed between companies of any size and can be structured in a variety of ways, depending […]

Exclusion clauses in insurance contracts are frequently contested when coverage is disputed. These clauses are common because they limit the insurer’s liability and encourage policyholders to take reasonable precautions to protect their property. In an insurance contract, the phrase “unless the property is concealed in a completely closed and locked vehicle” serves as an exclusion […]

Debt counselling carries inherent risks. While debt counsellors are generally expected to fulfil their duties diligently and ethically, there exist unethical practitioners within the industry, as is the case in any other field. We will delve into the dangers associated with such unethical conduct and explore remedies to safeguard consumers. The Dangers of Unethical Debt […]

Business rescue and liquidation are both legal processes, but they serve entirely different purposes. While business rescue aims to reorganise and rehabilitate financially distressed companies, preserving their existence as going concerns, liquidation seeks to wind up insolvent companies and distribute their remaining assets to settle claims. Let’s explore these processes further Business Rescue: Liquidation: In […]

Liquidation is a legal procedure that involves winding up a company’s affairs and distributing its assets to creditors and shareholders. Company liquidation in South Africa is primarily governed by the Companies Act of 2008. This legislation provides detailed provisions regarding the liquidation process, the duties and powers of liquidators, the rights of creditors, and shareholders, as […]

In the dynamic world of business, challenges and downturns can unexpectedly loom on the horizon, threatening the very survival of a company. This is where the concept of business rescue comes into play, offering a lifeline for struggling enterprises in South Africa. Whether it’s the impact of economic fluctuations, operational hurdles, or unforeseen circumstances, the […]

The Process: Consequences: Rehabilitation is about starting new again and forgetting the past.  It is a good idea to start saving for the legal costs to apply for rehabilitation shortly after the sequestration  order to avoid delaying the return to financial independence. Remember, seeking professional legal advice during the financial rehabilitation process is crucial. Each case […]

Definition of Sequestration Sequestration is a legal process in which an individual’s assets are placed under the control of a court-appointed trustee. The trustee takes control of the individual’s assets, sells them, and uses the proceeds to pay off the individual’s creditors. It is typically used as a last resort for individuals who are unable to […]

Imagine that you had an accident at your workplace und you are unable to return to work soon as result of your injury.  Would your employer be entitled to systematically deplete your sick leave, annual leave, special leave and eventually put you on unpaid leave? Fortunately not, as long as your situation is covered by […]

A Letter of Good Cause is a crucial document in situations where an individual has overstayed their visa. It serves as a written explanation for the overstay and can play a significant role in the resolution of the situation. Purpose of a Letter of Good Cause in Visa Overstay The primary purpose of a Letter of Good […]