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Financial Institutions Legal Snapshot

South Africa and global insurance, financial institutions, banking and general law know–how

Banking

Green Loans: a grassroots overview

By Steve Chemaly on June 8, 2022

What are Green Loans? Green loans are loan instruments made available exclusively to finance or re-finance, wholly or partly, new or existing eligible Green Projects, according to the Loan Market Association’s Green Loan Principles (the GLPs). There are no specific qualifying criteria for a “Green Project” but indicative categories set out ... Continue reading

When can my bank close my bank account?

FSCA publishes a digital banking research report

Foreign collective investment schemes and FSCA discretion

Drafting tips

The difference between ‘significant’ and ‘substantial’

By Patrick Bracher (ZA) on June 16, 2020

In April 2020 the UK Supreme Court had reason to discuss the difference between ‘significant’ and ‘substantial’ in the context of what is a ‘significant reduction in life expectancy’. The court said that ‘like the skin of a chameleon, the adjective takes a different colour so as to suit a ... Continue reading

Contracts interpreted according to wording, context and purpose

Sign of the times: Electronic signatures in South Africa

Effect of settlement agreement

Insurance

Double insurance (Australia)

By Donald Dinnie on June 30, 2022

In this April 2022 judgement, the court reviewed and considered the doctrine of double insurance in the context of a motor vehicle accident claim where the third party insurer settled the claim and then sought a contribution from the insurer of the employer of the driver. And the effect in that ... Continue reading

Negligent conduct does not automatically attract liability

Broker’s liability to clients (Australia)

D & O Insurance, Derivative claims and ESG (UK)

General

More about the duty to mitigate loss (Australia)

By Donald Dinnie on June 28, 2022

“The purpose of the principle that a party injured by the wrong of another must mitigate the Damage is to ensure that damages do not over-compensate for the wrong, not to empower the wrongdoer to frustrate a claim for reasonable compensation. Therefore, the onus of establishing that the injured party ... Continue reading

Pending Covid-19 cases (UK)

About the duty to mitigate loss (UK)

Some certainty in public procurement

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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