When dealing with any person in financial difficulty it is important, if you want your contract to survive the Insolvency of that person if it occurs, to give and receive fair value in all transactions as then you will have a better prospect of your deal surviving the Insolvency intact.
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...