In a far-reaching recent judgement handed down in the South Gauteng High Court the Wescoal Mining (Pty) Ltd Another v Mkhombo NO and Other (2023-079991) [2023] ZAGPJHC 1097 (2 October 2023) the meaning of the term “creditor” was interpreted for purposes of the business rescue provisions of the 2008 Companies Act (“the Act”). The judgement…
Case Summary – Butcher Shop and Grill v Bymyam Trust
The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Act”) comes into force on 1 April 2023 and amends the following legislation: Trust Property Control Act Nonprofit Organisations Act Financial Intelligence Centre Act Companies Act 71 of 2008 Financial Sector Regulation Act Please see below the amendments to the Trust…