A trust is a legal arrangement where ownership of property is transferred to trustees, who manage it for the general benefit of identified beneficiaries or to fulfil clearly defined objectives set out in the trust deed. Trusts fall into two ma ...
The Legal Imperative to Report a Deceased Estate in South Africa
Introduction: The administration of deceased estates in South Africa is regulated by the Administration of Estates Act 66 of 1965 (“the Act”), which sets out the legal process for managing and distributing a person’s estate after death. An imp ...
Pre-commencement creditors vs post-commencement creditors
In the case of Mashwayi Projects (Pty) Ltd (the Appellants) // Wescoal Mining (Pty) Ltd) (the Respondents) 2 All SA 57 (SCA), the Supreme Court of Appeal (“SCA”) decided whether post-commencement creditors may vote on business rescue proceedings ...