Gareth Munnick

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Interpreting messy contracts

A commercial agreement should not lightly be determined unenforceable simply because the parties set out the terms in an unclear manner. The Supreme Court of Appeal, in Novartis v Maphil, dealt with whether a pharmaceutical drug manufacturer and a medical device supplier had concluded a contract. The court had to consider written documents, oral agreements … Continue reading

The appointment and termination of a debt sponsor under the amended JSE debt listings requirements

The amended JSE debt listings requirements come into operation on 22 December 2014. They aim to bring the JSE debt listings requirements in line with the Financial Markets Act, 2012 that came into force in 2013. The authority of the JSE, including its general powers over listing debt securities such as bonds and commercial paper, … Continue reading