Home
About
Contact
Disclaimer
Privacy policy

Banking
General
Insurance
Drafting tips
Home
About
Contact

Financial Institutions Legal Snapshot

South African banking, finance and insurance law know-how

Banking

Claim by shareholders against directors under section 218(2) of Companies Act fails

By Patrick Bracher (ZA) on October 11, 2018

Shareholders of African Bank Investments Limited failed in their claim for over R720 million against the directors and auditors of African Bank. The plaintiffs sued unsuccessfully under section 218(2) of the Companies Act 2008 alleging that the conduct of the defendants resulted in a loss to the shareholders because of the drop ... Continue reading

Unrestricted financial assistance – Financiers to consider the risks

Proposed changes to financial laws to deal with failing financial institutions

Financial assistance to subsidiaries reviewed in the Companies Amendment Bill: What is ‘its own subsidiary’?

Drafting tips

Interpretation of sanctions clause in a policy

By Patrick Bracher (ZA) on November 29, 2018

In reaching a decision regarding the sanctions clause in a policy, the UK High Court made a number of useful comments on how a policy is interpreted: When a dictionary definition is relied on (in this case for the meaning of ‘expose’) it is a useful starting point but is not ... Continue reading

Rules of interpretation of contract

Interpretation: The nature of a deeming provision

Contracts need consensus

Insurance

Bad subcontractor work not an ‘accident’ – Ohio USA

By Patrick Bracher (ZA) on December 7, 2018

Ohio’s high court has held that damage from a subcontractor’s faulty work is not fortuitous in the context of a commercial general liability policy which covered an ‘occurrence’ meaning an ‘accident, including continuous or repeated exposure to substantially the same general harmful conditions’ causing property damage including physical injury to ... Continue reading

Cyber breach claim fails under GLP because information not ‘published’ (US)

Definition of ‘explosion’ cover in breakdown policy excludes liability

Enforceability of the sanctions exception in policies (UK)

General

Conduct of Financial Institutions Bill published for comment

By Patrick Bracher (ZA) on December 12, 2018

In case you are wondering what your holiday reading is, the draft Conduct of Financial Institutions Bill has been published by the National Treasury for comment. Comments will be accepted until 1 April 2019. The suite of documents includes the Bill itself (188 pages), the COFI Bill Policy Paper (90 pages), and ... Continue reading

Extinctive prescription: When is a debt due?

Damages for denying gender-confirming medical care (US)

Administrative law: Legal status of departmental Directive

About

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.

Contact us

Stay connected

Subscribe by email

Topics

Banking
Drafting tips
General
Insurance

South African banking, finance and insurance law know-how

nortonrosefulbright.com
Disclaimer
Privacy policy

Brand Protection for developments and trends impacting brands.
Consumer products law blog for legal issues surrounding consumer product law in the United States.
Data Protection Report Data protection legal insight at the speed of technology
Deal Law Wire for Canadian M&A developments.
Financial Institutions Legal Snapshot South African banking, finance and insurance law know-how
Financial services: Regulation tomorrow for international financial services regulatory developments.
Global Workplace Insider for employment and labour law issues.
Health Law Pulse for leading insight on legal developments in the healthcare industry.
Hydraulic Fracking understanding the legal challenges and implications surrounding hydraulic fracking
Inside Africa providing commentary on the latest developments across Africa and insight into the many nations that make up this vast continent.

Inside Brexit tracking legal developments in United Kingdom
Insurance Tomorrow Australian perspectives into global insurance markets
Les Actifs créatifs for the latest developments in intellectual property (blog in French).
Patent Challenges for analysis of USPTO post-issuance proceedings
Pharma in Brief legal and regulatory developments affecting the pharmaceutical industry.
Project Finance News for developments affecting project finance and the energy sector.
Securities Litigation and Enforcement for domestic developments in securities litigation in both Canada and the United States.
Social Media Law for the legal implications of social media.
Special Situations Law for developments in special situations law in Canada
Zone of Insolvency for the latest bankruptcy, financial restructuring and insolvency developments.

Strategy, design, marketing & support by LexBlog