An exception to the application of the Turquand Rule in South African Company Law (which protects persons from being affected by a company’s non-compliance with an internal formality pertaining to the authority of its representatives) extends to persons who ought to have reasonably known that the Company has not complied with its internal formalities.
top of page

Search
Recent Posts
See AllIn 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...
bottom of page