Where there is no choice of law provided for in a contract, the Court will determine if there is a tacit choice of law.
Where there is no tacit choice of law, the Court will determine which legal system is most closely connected with the contract; usually where the contract was concluded or performed.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...