Legal Affairs / General

Time bars in insurance policies and pleadings

Indemnity backing an insurance guarantee within a group of companies without section 45 compliance is void

The Supreme Court of Appeal held that an indemnity provided by one group company to support an insurance guarantee obtained by another group company was void where the requirements of section 45 of the Companies Act of 2008 (the Act) were not complied with because it amounted to ‘financial assistance’.

President Ramaphosa signs Act introducing foreign concepts into SA Trust Law

General liability insurance and statutory pollution clean-up obligations