Artificial Intelligence (AI) is set to change the way in which lawyers do their work. Apart from affecting areas like legal research and analysis, AI in the law firm has led to an increased focus on document automation.
Large transactions often require an entire suite of legal documents, all of which take time to
The advent of artificial intelligence (AI) has long been eulogised and feared by the legal community. Augurs say that it will bring about efficiency and possibly bring an end to its antithesis – the billable hour. Unlike the once-common lift operator, AI is not set to replace lawyers any time soon, but it will, without
A number of lawsuits were pursued against an engineering design firm when two pedestrian bridges collapsed on 13 and 14 November 2014 causing death and damage. The court held that these were ‘related claims’ as defined in the engineering firm’s professional indemnity policy. The policy provided that ‘all related claims shall be considered a single
The National Treasury has announced the appointment of Deputy Governor of the Reserve Bank, Kuben Naidoo, as the CEO of the Prudential Authority under the Financial Sector Regulation Act. The announcement also explains the process for appointing the Commissioner and Deputy Commissioner of the Financial Sector Conduct Authority.
The FSB will ‘close down on 31
Where project-wide cover was taken out for a construction contract for extensions to a school but the roofing contractor was obliged to take out its own insurance, it was held that the roofing contractor who caused a fire and a loss of £8.75 million was not entitled to the benefit of the project-wide insurance.
The
The Supreme Court of Appeal rejected what it called a highly technical defence that the cession of all right, title and interest in a master equipment rental agreement only carried with it a cession of the hired equipment addenda at the time of the cession and not future addenda.
At the time of the cession
Most sections of the Financial Sector Regulation Act 2017 were brought into force from 1 April 2018. This step was anticipated as the first step towards the commencement of the new Insurance Act on 1 July 2018.
By a two-step process the Minister was empowered in a Gazette of 29 March 2018 to make regulations,