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Financial Institutions Legal Snapshot

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

Banking

Updated Green Loan Principles: 5 things to know

By Steve Chemaly on March 7, 2023

On 23 February 2023, the Loan Market Association (LMA) announced the publication of updated Green Loan Principles (GLPs), together with supporting guidance documents, produced in collaboration with the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA). The intention behind the updated GLPs is to ... Continue reading

Will Term SOFR become the leading US dollar lending benchmark in developing markets?

Green Loans and Sustainability Linked Loans – same but different?

Green Loans: a grassroots overview

Drafting tips

SCA ruling on Covid-19 rental remissions

By Daniel Breier on April 27, 2023

In April 2023 the Supreme Court of Appeal confirmed that a tenant may claim a remission of rental where vis major interferes with the tenant’s beneficial use and enjoyment of the property, unless the terms of the lease provide otherwise. However, if the premises are sub-let there will be no ... Continue reading

The difference between ‘significant’ and ‘substantial’

Contracts interpreted according to wording, context and purpose

Sign of the times: Electronic signatures in South Africa

Insurance

Revisiting repudiation of a contract

By Shrivar Chendip on May 24, 2023

This blog was co-authored with: Jason Hudson, Candidate Attorney Platinum Property Enterprise (Pty) Ltd v Mcshane and Another The Western Cape High Court heard an application for an interdict and specific performance relating to the sale and transfer of immovable property. The purchaser and seller concluded a sale agreement where the purchaser ... Continue reading

US court refuses to apply war exclusion to cyberattack

Sale of land agreement is void if it omits material terms (in this case subdivision)

Where parties reach a settlement it puts an end to dispute and any litigation

General

Creators of media platforms not liable for all users’ wrongdoing

By Patrick Bracher (ZA) on May 30, 2023

In May 2023 the US Supreme Court held that the Defendants Facebook, Twitter, and Google (which owns YouTube) could not be sued for “aiding and abetting” ISIS to commit a terrorist attack on the Reina nightclub in Istanbul killing a US national whose family claimed damages. The following extracts from the ... Continue reading

Special Tribunal is not a court but may adjudicate legality reviews

Don’t Forget to Renew Overtime Clauses

A settlement concluded in full and final settlement of all matters means just that

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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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