Company notices in electronic form

While we are accustomed to declaring a contract valid based on its physical existence, our increasing shift to online communication and documentation requires us to review our definition of a document’s ‘validity.’ The United Nations Convention on the Use of Electronic Communications in International Contracts (New York, 2007) establishes the general principle that communications are

Business rescue protected from all legal proceedings

If a company is undergoing business rescue, the Companies Act states that it is immune to the commencement of any ‘legal proceeding,’ without the written consent of the business rescue practitioner. However, the phrase ‘legal proceeding’ is not defined by the Act. The Supreme Court of Appeal (SCA) was required to scrutinise two critical questions