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Providing security in a trust account is an acceptable substitute for physical possession under lien.

Photo of Rethabile Shabalala
By Rethabile Shabalala on May 31, 2024

The High Court has found that a towing company’s lien could be substituted by adequate security provided by an insurer.

The dispute between the parties related to the release of a motor vehicle which was insured by the insurer, the applicant. The motor vehicle was involved in an accident and subsequently towed by the towing…

Posted in Insurance

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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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