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Rugby, intentional conduct, insurance and insolvency – all in one?

18 August 2016

In Hattingh v Roux NO & Others 2011 (3) SA 135 (WCC), the plaintiff, Hattingh, sought to show that the defendant, Roux junior, intentionally and unlawfully injured Hattingh by executing an illegal and highly dangerous manoeuvre during a scrum in an Under 19 rugby match between two Western Cape high school teams.

Regulating Crowdfunding in South Africa?

18 August 2016

Crowdfunding is a way of soliciting funds from the public on an online platform; money is raised in small amounts usually in the form of donations or investments. It is essentially a vehicle to source funds from individuals or organisations to fund different causes ranging from business ideas to charity initiatives. For businesses, crowdfunding promises capital for inventive entrepreneurs in need of funding while for charity causes it promises a helping hand. The crowdfunding model has the potential to impact on the growth and development of small businesses and in most jurisdictions including South Africa, crowdfunding is seen as an innovative way to facilitate funding for small and medium sized enterprises and finance start-up companies, with a goal of promoting economic growth.

Proposed changes to interest free loans to trusts

10 August 2016

The draft Taxation Laws Amendment Bill, 2016 (TLAB) was published on 8 July 2016 and contains an interesting proposed amendment to the tax laws governing the provision of an interest-free or low interest loan by a taxpayer to a trust.

US liability policy covers consequential loss from faulty workmanship

10 August 2016

In July 2016 the New Jersey Supreme Court held that damage by rain water leaking into residential condominium premises because of a subcontractor’s faulty workmanship constituted property damage and an accidental occurrence under the property developer’s commercial general liability insurance policy.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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