by Admin_FWB | Sep 20, 2023 | News
A share buy-back, or share repurchase, is a transaction in which a company buys back its issued shares from a shareholder. Section 48 of the Companies Act 71 of 2008 (“the Act”) regulates how a company, or its subsidiary, may acquire the company’s...
by Admin_FWB | Nov 14, 2022 | News
When the first indications of a significant accounting fraud scandal emerged in December 2017, Markus Jooste (“Jooste”) resigned from Steinhoff International Holdings NV (”Steinhoff”). As a result, investors lost over R200 billion and...
by Admin_FWB | Jan 31, 2022 | News
Section 45 of the Companies Act 71 of 2008 (“the Act”) is headed “Loans or Other Financial Assistance to Directors”. Despite the misleading heading of this section, it creates not only a mechanism for the provision of financial assistance by a...
by Admin_FWB | Jan 28, 2022 | News
The Competition Commission (“the Commission”) has recently prohibited the acquisition of Sasol’s sodium cyanide business by Draslovka South Africa (Pty) Limited (“Draslovka South Africa”), a subsidiary of the Czech Draslovka Holding a.s. It was intended that Draslovka...
by Admin_FWB | Jan 25, 2022 | News
A look at the regulatory and legal challenges to NFTs and Non-Fungible Assets in general Before delving into the regulatory and legal challenges related to NFTs it is necessary to define NFTs as a concept. An NFT represents a digital or physical asset (such as a...
