In brief Overview Zareenah Rasool, Candidate Attorney, Rui Lopes, Associate, and Darryl Bernstein, Partner and Head of the Healthcare and Lifesciences Industry Group at Baker McKenzie in Johannesburg, set out the infrastructure that is in place, and the processes that must be followed, for medicines such as the COVID-19 vaccine…
The Supreme Court of Appeal in South Africa recently considered the concept of claims for reflective losses in South Africa, focusing on whether shareholders could hold directors liable, in terms of the Companies Act, 71 of 2008, for conduct which resulted in a decrease in the company’s share price. John Bell, Partner, Rui Lopes, Associate, and Nothando Mthimkhulu, Candidate Attorney, in the Dispute Resolution Practice at Baker McKenzie in Johannesburg, explain the details and outcome of this case.
COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.
COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.
In a ground breaking and remarkable judgment, which will not only have a huge impact in South Africa but will be cited around the world, the High Court in Pretoria recently ruled that certain provisions of South Africa’s interception legislation, the Regulation of Interception of Communications and Provision of Communication…
The High Court in Hlumisa Investment Holdings (RF) Limited and Another v Kirkins and Others (Hlumisa judgment), was recently tasked with considering whether shareholders are empowered to hold directors liable, in terms of section 218(2) of the Companies Act, 71 of 2008 (Companies Act), for conduct which results in a…
The Financial Intelligence Centre Act of 2001 (“FICA”) was amended by the Financial Intelligence Centre Amendment Act of 2017 (the “Amendment”), which provided for certain provisions of the Amendment to come into effect. On 1 April 2019, other provisions of the Amendment came into effect. The Amendment has extended the…
South Africa has a sophisticated banking system that aims to ensure economic stability, consumer protection and institutional safety. Numerous new laws are in the process of being implemented that will address how the financial system is regulated in future. The South African financial regulatory structure is currently regarded as being…