As published in Business Day’s September 2024 Business Law and Tax Supplement. In a recent Supreme Court of Appeal judgment [1], the Court dealt with a situation where the Appellant had received a payment from the Road Accident Fund into an inter vivos trust...
Any legal entity (company, CC or trust) requires a resolution to be signed by its decision makers to authorise an individual to sign any required documentation. In the case of a company or CC, the resolution can be signed at any point before or after the documentation...
In a recent Supreme Court of Appeal decision [1], the court dealt with a scenario in which Nedbank Limited had entered into a loan agreement with a trust. In terms of the Trust Deed, for the trust to do business it was a requirement that there should be no fewer than...
