Full disclosures of conflicts of interest must be made by board members otherwise ratification may prove invalid or the Court may not come to the assistance of an interested person in terms of Section 75(8) of the South African Companies Act.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...