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The Appellate Division, in Mutual and Federal v Oudtshoorn Municipality, took their repeal to mean that the Roman-Dutch law of insurance is now the common law for insurance. "There is no South African statute which lays down the need for a so-called insurable interest," and Roman-Dutch law had no discrete doctrine of insurable interest.
Fedsure Life Assurance Ltd and Others v Greater Johannesburg Transitional Metropolitan Council and Others [1] is an important case in South African law, heard in the Constitutional Court on 18 and 20 August 1998, with judgment handed down 14 October. The bench was occupied by Chaskalson P, Langa DP, Ackermann J, Goldstone J, Kriegler J, Madala ...
In July 1993, the Institute of Directors in South Africa asked retired Supreme Court of South Africa judge Mervyn E. King to chair a committee on corporate governance. He viewed this as an opportunity to educate the newly democratic South African public on the working of a free economy. [4]
South African company law is that body of rules which regulates corporations formed under the Companies Act. [1] A company is a business organisation which earns income by the production or sale of goods or services.
This was put into the Weimar Constitution article 165, and resulted in a work council law in 1920, [38] and a board representation law in 1922. [39] The fascist government abolished codetermination in 1934, but after World War II, German unions again made collective agreements to resurrect work councils and board representation. These ...
Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents to principals.
Carson relocated from the UK to South Africa in 1989 for work purposes, and continued paying her National Insurance Contributions (NICs) to ensure that on retirement she would be eligible for the full UK State Pension. She started drawing her UK state pension in September 2000, and then she realised that the amount she received would not be ...
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...