The guarantee.….is not unlike irrevocable letters of credit issued by banks and used in international trade, the essential feature of which is the establishment of a contractual obligation on the part of a bank to pay the beneficiary (seller). This obligation is wholly independent of the underlying contract of sale and assures the seller of […]
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According to the Oxford dictionary risk is defined as “a situation involving exposure to danger… expose (someone or something valued) to danger, harm, or loss…” While, according to the Free online dictionary, competitiveness is defined as: “(Business / Commerce) sufficiently low in price or high in quality to be successful against commercial rivals… having a […]
A director of a company may receive remuneration in his capacity as a director of a company (such as fees for attending board and board committee meetings) and may also receive remuneration as an employee of a company (for example, managing director). It is possible that a person may not be an employee of a […]
As it stands, there is no definitive right to inherit from a deceased estate in South Africa. Seeing that the content of a will is sensitive in its nature, challenging its validity is generally based on some form of fraud, legal non-compliance and misrepresentation of facts. This article provides some insight and points on how […]
This year has marked the introduction of another piece of legislation, namely the Protection of Personal Information Act (POPI/Act). Although only recently accepted by the National Assembly, it is important for everyone who handles information to take note of some basic concepts contained in this piece of legislation. Read full story
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As a published writer and respected authority the law, Nicolene Schoeman – Louw, our founder, appears regularly in a number of legal, business and mainstream publications.
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