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.
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 […]
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.
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.