June 2008 Archives

SURETYSHIPS - SOME THINGS YOU SHOULD KNOW

"He who puts up security for another will surely suffer" (a)


Those words spoken by King Solomon over 2000 years ago hold true today, particularly where complex documents and legalese preclude a clear understanding of what you are signing.

Suretyships are generally furnished by people in an unequal bargaining position and are usually automatically part of the pack of documents requiring signature in order to obtain credit or banking facilities.

BEWARE : MISLEADING INFORMATION

Section 287A introduced by the Corporate Laws Amendment Act (CLA) last year makes it an offence to be a part of misleading financial information...

PROTECTING YOUR BUSINESS : RESTRAINT OF TRADE

As an employer, a Restraint of Trade Agreement is a key element in protecting your organisation. Care should however be exercised in composing these restraints to avoid these being rendered ineffective

FINANCIAL ASSISTANCE

Companies may now finance the purchase of their own shares!