SEARCH
Tel: 021 554 4882 | Fax: 021 554 0991 | E-Mail: info@lublaw.co.za             

Contracting with Trusts – Is a Majority Resolution Valid?

|Comments are Off
“Externally, trustees cannot disagree. In the external sphere the Trust functions by virtue of its resolutions, which have to be supported by the full complement of the Trust body.” (Extract from judgment below) A recent Supreme Court of Appeal (SCA) judgment provides yet another...

Trustees: Your New Duty to Report Beneficial Owners

|Comments are Off
“National Treasury, therefore, expects that if South Africa continues to make significant improvements in effectiveness and swiftly exits grey listing, it will have a limited impact on financial stability and costs of doing business with South Africa, particularly if South Africa...

Trusts on Divorce: Are You Stuck with an Ex-Spouse as Trustee?

|Comments are Off
“Love is grand. Divorce is a hundred grand.” (Anon) That’s a great scenario whilst the marriage prospers, but what happens on divorce? A recent High Court decision addressed one such scenario – Trusts may be formed for a variety of reasons, and the purpose and structure of each...

What Must You Prove to Remove a Trustee?

“…where there is disharmony, the essential test is whether it imperils the Trust estate or its proper administration” (extract from judgment below) Trustees are of course supposed to work together to protect and further the interests of their trust and its beneficiaries, but the...

Cookies Disclaimer

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

For information on our POPIA Privacy Policy, please click here to view our Privacy Statement. Click here to download our PAIA Manual.