The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had with the recently liquidated Heritage Bank. The Group disclosed this in its ...
India’s Supreme Court has ordered Jet Airways be liquidated five years after grounding all flights. The airline has been in limbo ever since. The highest court overruled National Company Law ...
Case law developed in England and Wales could inform how disputes over whether and how claims for penalties, or liquidated damages, are resolved in South Africa where contractual clauses addressing ...
The Government in April had announced the establishment of a “Contract Compliance Unit” within the Ministry of Legal Affairs to tackle corruption and enforce penalties against defaulting contractors.