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Over the past 70 years, more than 650,000 trusts have been registered in South Africa. However, a significant proportion of these trusts remain non-compliant with regulatory requirements.
In a recent judgment, the Supreme Court of Appeal (SCA) reaffirmed the legal principles governing the withdrawal of admissions in pleadings and the setting aside of compromise agreements.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?