The National Credit Act 34 of 2005 (“NCA”) requires that, if you are selling your shares or assets in a company to a purchaser, and you have structured the sale such that: The full purchase price, or a portion thereof, will be paid at a later stage either in installments or one bullet payment; and […]
Selling Shareholders Beware: How the NCA affects Vendor Financed Transactions Read More »
At the start of their relationship, shareholders are usually aligned on their vision for the company and are excited to see what the future holds for the business. However, circumstances can change very quickly and in the event that shareholders cannot work together to move the company forward, the remedies contained in a shareholders’ agreement
Shareholders’ Agreements: How to Ensure a Smooth Exit Read More »
Shareholders often include restraint provisions or restrictive covenants in their shareholders’ agreement which aim to protect the company’s business and proprietary interests by seeking to ensure that each shareholder, whilst still a shareholder of the company and for a certain period thereafter, will not conduct business which is in competition with the business of the
Restraints in Shareholders Agreements: How Valuable are They? Read More »
No decent soap opera is complete without a few episodes dominated by the drama and shenanigans surrounding a hostile takeover bid for a corporation. U.S. listed companies have long adopted “takeover defenses” to assist them in resisting hostile takeovers. Aside from making stimulating TV viewing, hostile takeover bids are uniquely placed at the intersection of
Takeover Defenses: The Thorn in the Side of US Corporation Shareholders Read More »
Caveat's ai attorney,
Ask our AI a question about this topic, and one of our specialist lawyers will review the response and email you within 24 hours, free of charge.
KAI is free for Caveat friends and clients. To use KAI, complete the form below and look out for the AI’s answer, reviewed by a specialist lawyer, in your inbox. For the most accurate and helpful response, be as specific and detailed as possible. Provide all relevant facts and clearly state what you’d like answered.
Disclaimer: Kai is provided by Caveat in a bona fide attempt to make legal services more accessible to you. Caveat will not be liable for any damage, loss or expense arising from the use of this offering.
Feedback Welcome: Your experience matters to us. Please share feedback on this offering at info@caveatlegal.com to help us improve its efficacy.
Caveat's ai attorney,
Ask our AI a question about this topic, and one of our specialist lawyers will review the response and email you within 24 hours, free of charge.
KAI is free for Caveat friends and clients. To use KAI, complete the form below and look out for the AI’s answer, reviewed by a specialist lawyer, in your inbox. For the most accurate and helpful response, be as specific and detailed as possible. Provide all relevant facts and clearly state what you’d like answered.
Disclaimer: Kai is provided by Caveat in a bona fide attempt to make legal services more accessible to you. Caveat will not be liable for any damage, loss or expense arising from the use of this offering.
Feedback Welcome: Your experience matters to us. Please share feedback on this offering at info@caveatlegal.com to help us improve its efficacy.
