Legal Speak Made Easy: “Restitutio in Integrum”

Legal Speak Made Easy: “Dormant Trust”

“Dormant Trust” You will see and hear the phrase “dormant trust” bandied about a lot, normally in relation to what ongoing duties the trustees of non-active trusts do and don’t have. Be warned that SARS says that there is no such legal concept as a “dormant trust” and...
Legal Speak Made Easy: “Restitutio in Integrum”

Legal Speak Made Easy: FICA v RICA

Legal Speak Made Easy FICA v RICA We’ve all grumbled about being endlessly FICA’d and RICA’d. “Waste of time,” we mutter as we wade through all the red tape yet again. Compliance certainly is a hassle, but don’t blame the bank, service provider or conveyancer who asks...
Legal Speak Made Easy: “Restitutio in Integrum”

Legal Speak Made Easy – “Director”

Legal Speak Made Easy “Director” It’s tempting to think that a “director” must be formally appointed to that position, but the Companies Act provides a much wider definition. “‘Director’ means a member of the board of a company … or an alternate director of a company...