Directors’ Personal Liability during the COVID-19 Pandemic

Directors’ Personal Liability during the COVID-19 Pandemic

The Companies Act: Section 22(1) of the Companies Act 71 of 2008 (“the Act”) read together with sections 218(2) and 77, set the stage for directors of a company being held personally liable for the company’s debts. Prohibition of Reckless Trading: section 22(1)...
The Importance of a Professional Executor

The Importance of a Professional Executor

When drafting your Last Will, it is recommended that you select and nominate a professional executor to wind up your estate for the following reasons: A professional executor is experienced with the different procedures associated with administering different types of...
Living Wills

Living Wills

A living will is an advance written instruction in which you can express your consent or refusal to any medical treatment should you be unable to do so at a future date. Should you be unable to speak for yourself, a Living Will can assist your family and medical...
The benefits of putting a Will in place

The benefits of putting a Will in place

With so many challenges to deal with, it is understandable that worrying about what happens to our assets after we die is not one of our primary concerns. However, the avoidance of this topic can cause serious problems for your loved ones upon your passing. When you...