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On 9 June 2017, the Department of Trade & Industry published a notice requiring all parties involved in major B-BBEE transactions to register the transaction with the B-BBEE Commission within 15 days of concluding the transaction. In addition, major B-BBEE transactions concluded between 24 October 2014 and 8 June 2017 must be registered within 60 calendar days counted from 9 June 2017. The notice states […]
Resisting the “big brand” trend, Durban law firm Cox Yeats has retained its independence while building a nimble and skilled team of legal experts focused on the community they serve. The award-winning firm, which has at its helm 45 hand-picked professionals, was founded more than 50 years ago by noted Durban legal eagle Graham Cox. Those […]
On November 1 the King Committee and the Institute of Directors in Southern Africa published the King IV Report on Corporate Governance for South Africa (“King IV”). King IV was developed in response to international and local developments in corporate governance since 2009 when King III, its predecessor, was published. King IV replaces the King III […]
Thirty of KwaZulu-Natal's leading property developers, construction companies and industry professionals gathered at Umhlanga·s Oyster Box Hotel _in May to listen to leading South African attorney Richard Heal speak on construction disasters, at a Special Industry Groups [SIGS) breakfast organised by the Kwazulu-Natal Chapter of the SACSC. The event was sponsored by Trak Construction and […]
Respected specialist property law firm Halstead Paola, has merged with Cox Yeats to create a combined property team with more than 100 years’ experience in property law. This merger was effective as of June 1. The amalgamation of Halstead Paola with Cox Yeats will resultin a Cox Yeats property team that is one of the largest […]
Durban legal firm Cox Yeats has announced a merger with Halstead Paola, a specialist property law firm, resulting in the establishment of one of the largest and most experienced property law departments in KwaZulu-Natal. Started in 1964, Cox Yeats provides legal solutions across a wide range of industry areas and disciplines including commercial, construction, property, […]
On Tuesday 24 May, thirty of Kwazulu-Natal’s leading property developers, construction companies and industry professionals gathered at Umhlanga’s Oyster Box Hotel to listen to leading South African attorney Richard Hoal, speak on construction disasters at a Special Industry Groups (SIGS) breakfast, organised by the Kwazulu-Natal Chapter of the South African Council of Shopping Centres. Mr […]
WE often receive instructions from anxious clients to either enforce restraint of trade agreements or to evade them. What is surprising, however, are some common misunderstandings regarding these agreements and the relevant legal principles. The starting point, of course, is that there needs to be an agreement. There is no right, in the absence of […]
South Africa remains an attractive jurisdiction within which to enforce civil maritime claims. Ships may be arrested in respect of claims to be pursued in South Africa or elsewhere for the likes of damage to cargo, unpaid crew wages and ship mortgage debts. In addition, it is possible to arrest what is referred to as […]
Is South Africa heading towards expropriation without compensation? The constitution provides landowners with protection from being arbitrarily deprived of propertywhich may only be expropriated subject to the landowner being compensated. With the promulgation of the Expropriation Bill and the Preservation and Development of Agricultural Land Framework Bill on the horizon, it appears as if the […]
South Africa is one of few jurisdictions that empowers its courts exercising admiralty jurisdiction to order the arrest a vessel for the sole purpose of obtaining security for a maritime claim instituted, or to be instituted, in a foreign jurisdiction, where both the Plaintiff and Defendant are foreigners (peregrini) of South Africa. Section 5(3) of […]
Business rescue presents an opportunity for a more flexible approach to company restructuring. A number of corporate steps can be taken to restructure a company. These include the issue of shares, a change in the terms or classification of issued shares, a share buyback or any other scheme of arrangement. There is usually a range […]
The Davis Tax Committee report on estate duty indudes recommendations regarding the taxation of tmsts. Trusts are creatures both of statute and common Jaw and have developed over many decades. Trusts have various uses including protection of assets from creditors, continuity of ownership on death of the estate planner, preservation of wealth, control of financial […]
A land owner has the right to the full use and enjoyment of his property without disturbance caused by any permanent physical intrusion or encroachment onto the property. There has been contention in our law on what the appropriate remedy is for an owner whose property is encroached upon, for instance, by his neighbour’s building […]
The interpretation of prescribed minimum benefit (PMB) regulations, which the Council for Medical Schemes (the Council) has adopted has been, and still is, the subject of much debate. This has predominantly involved Regulations 8(1) and 8(2) relating to the “pay in full” and “designated service provider” provisions. Regulation 10(6) is, however, also relevant, perhaps more […]
Modern business is fast-paced, often concluded in a rush of e-mails, phone calls and even by SMS or WhatsApp. The law can be slow in keeping up with advancements in technology and needs to be adapted and interpreted by courts in a way that is sensible in the 21st century. Often a contract will contain […]
law firms in town. Many are big national names. However, one of these firms fiercely guards its independence as a home grown success story that can better rise to the challenges faced by Durban companies. Michael Jackson, the managing partner at Cox Yeats, which offers a wide range of commercial legal services, believes the somewhat […]
