Delinquent Directors

Delinquent Directors

Delinquent Directors Over the past few years, we have heard more and more often about applications being brought before the court to have directors declared delinquent. What is the purpose of such an application? The aim of the delinquency remedy, as provided for in...
Change in the Prescribed Rate of Interest

Change in the Prescribed Rate of Interest

Change in the Prescribed Rate of Interest Change in the Prescribed Rate of Interest If two or more parties conclude an agreement, such agreement may stipulate the interest rate that a party must pay on a debt in the event of timeous non-payment. If the other party is...
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