Loan Agreements: The Dark Side (Part III of III) In Part I of this series we took a look at the contracting parties to a loan agreement as well as  the commercial details of a loan. In Part 2, we looked at important loan terms like representations, warranties, undertakings, qualifications and exceptions. Now, we look

Introduction In Part I of this series we took a look at the contracting parties to a loan agreement and the commercial details of a loan. Once the parties have agreed on the commercials of the loan, the lender generally prepares the relevant loan documents detailing the standard commercial terms and conditions on which the

As the business world feels the effects of the coronavirus (Covid-19) pandemic and takes steps to adapt, travel companies are notifying partners that their force majeure policies have been extended to all travellers from Mainland China and all properties within Mainland China. The result is that deposits received by hotels and guesthouses will be repaid

Lending in general South African businesses, whether state-owned, listed or just starting up, are struggling. Retrenchments are the order of the day and a poor credit rating continues to mar funding and investor prospects. However bleak it may seem, the small and medium-sized enterprise (SME) sector in South Africa is growing by the day. Several