Prescription Of Debt
Prescription is a term used to indicate that the time period to institute legal proceedings against a debtor has lapsed. It is thus not a legal term that should be easily ignored, as having your claim prescribe might mean the end of the road for any legal proceedings against a debtor.
Retrenchment – Get It Right Or Pay The Price
SA’s economic turbulence has resulted in retrenchments becoming a common practice. Of late, Telkom retrenched over 1000 employees as part of its restructuring exercise. The onus is on the Employer to ensure that it follows the operational requirements for a fair dismissal in terms of a retrenchment. The Employer must provide a legitimate and lawful […]
The Benefits of Debt Collection On a Contingency Basis
When customers do not pay on time it seriously affects the cash flow of a business. Accordingly, when cash flow has been affected, it is difficult to rationalise paying a law firm to assist with the collection of the debt. This is a typical business Catch 22 situation.
Are you concerned about the new Land Restitution Bill?
On Tuesday, 25 February 2014, the restitution of lands rights amendment bill was passed. This bill sets a new deadline for land claims to 31 December 2018, which was previously 31 December 1998.