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of that asset. Where a secured creditor’s claim is not satisfied in full, the unpaid balance is considered a concurrent claim. ... 3% for immovable assets (real estate) and 6% for movable assets or claims. BOMANS 10. Guide - Liquidation, Business Rescue and …
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A GUIDE TO CONSTRUCTION CONTRACTS - …
www.bowmanslaw.comA Guide to Construction Contracts 5 What is a contract? Construction contracts A contract is an agreement entered into between two or more people with the
essential The 2017 changes to the EIA regulations 7 April ...
www.bowmanslaw.comchange impact assessment as a mandatory prerequisite to the grant of an environmental authorisation.” 16 Regulation 15(2) of the EIA Regulations. 17 Notice of identification in terms of section 24(5) of the National Environmental Management Act, 1998, of the procedure to be followed in
It’s a Fine Mess: The Approach to Administrative Penalties ...
www.bowmanslaw.comSection 59 of the Competition Act, 89 of 1998 (“Act”) provides that the Competition Tribunal (“Tribunal”) may impose an administrative penalty not exceeding 10% of a firm’s annual turnover in, and its exports from, South Africa during the firm’s preceding
Penalties for Anti-Competitive Conduct: Sharpening the ...
www.bowmanslaw.comAn administrative penalty is a punitive measure that the South African Competition Tribunal (the “Tribunal”) may impose on a respondent firm in terms of the Act for participating in an anti-
PAYMENTS ON TERMINATION OF EMPLOYMENT – A TAXING …
www.bowmanslaw.com• pension or provident fund benefits in terms of fund rules. Other termination payments may include, for example, a pro rata 13 th cheque or bonus. This depends on whether it is company policy or practice for the employer to pay a pro-rated 13 th cheque or bonus where an employee’s services are terminated part way through the year.
GUIDE - CLASS ACTION LITIGATION IN SOUTH AFRICA
www.bowmanslaw.comIn the Children’s Resource Centre case, the Supreme Court of Appeal developed seven requirements for certifying a class action in South Africa. In Mukaddam v Pioneer Foods (Pty) Ltd and Others2, the Constitutional Court held that these were not in fact requirements but rather factors to be considered in deciding
Public Procurement and Government ... - Bowmans Law
www.bowmanslaw.comsection 51(1)(a) of the Public Finance Management Act 1 of 1999 (PFMA), which states that an accounting authority for, among others, a national or provincial department or public entity must ensure that the particular department or entity has and maintains an appropriate procurement and provisioning system which is fair, equitable,
Voluntary Retrenchment - Corporate Lawyers | Bowmans Law
www.bowmanslaw.comvoluntary retrenchments (VR) is being increasingly aired. Employers and employees alike should familiarise themselves with the relevant legal principles to avoid disputes. VR is an alternative to a potential forced or compulsory retrenchment. In essence, the
GUIDE 1 – B-BBEE IN SOUTH AFRICA: AN OVERVIEW
www.bowmanslaw.comB-BBEE Commission, the Department of Trade and Industry and various B-BBEE verification agencies. Because B-BBEE is such an important consideration for any company conducting business in South Africa, we have produced a series of four guides to help our clients understand the complexregulatory framework applicable to B-BBEE in South Africa.
CIVIL PROCEDURE - Bowmans Law
www.bowmanslaw.com(3) SA 567 (T) para 9 at 572A). • The court which has jurisdiction (in relation to proceedings against a judge in a lower court) is the High Court which enjoys jurisdiction over the lower court before which the judge is to appear. Thus, in . Lukoto, the applicable court was the Transvaal
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