Gareth Munnick

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PMB coverage in medical scheme rules is a matter of public policy

By Gareth Munnick on December 15, 2015 Posted in General

Medical scheme rules may have no application if they fail to fulfil statutory law. The relationship between medical schemes and their members is not only governed by the medical scheme rules but primarily by obligations imposed by statute. The public policy considerations taken into account in the Medical Schemes Act which give rise to prescribed … Continue reading

Interpreting messy contracts

By Gareth Munnick on October 23, 2015 Posted in Drafting tips

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

By Gareth Munnick and Pierre Swart on December 10, 2014 Posted in Banking

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