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In the wake of ABIL: Proposed changes to Banks Act will give curator of a failed bank more options

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By Bridget King on December 8, 2014

Proposed changes to the curatorship process will allow the transfer of all or a part of a bank’s business to another entity (this would be done as a transfer under s54 of the Banks Act).

When African Bank Investments Limited (ABIL) was placed under curatorship on 10 August 2014, it was announced that some of…

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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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