Werksmans' insights into the most recent legal developments across a diversity of key industry sectors:

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Investment companies in SA could now be hit with US tax: Shayne Krige, Director - October 2011

  12 October 2011
  Tough new US legislation which imposes stringent compliance requirements on foreign financial service providers is set to have a significant impact on investment funds. read more

Minority shareholders could use appraisal rights to scupper deals: Shaun Teichner, Director - October 2011

  11 October 2011
  The hedge fund industry in South Africa has grown significantly over the last few years. Hedge fund schemes as such are not formally regulated, but collective investment schemes are regulated in terms of the Collective Investment Schemes Control Act 45 read more

New rules make international arbitration more efficient and cost-effective: Des Williams, Chairman - October 2011

  07 October 2011
  The Court of Arbitration of the International Chamber of Commerce has introduced new rules of arbitration which will have a far-reaching impact on the resolution of international business disputes. read more

Werksmans Attorneys appoints key director to drive growth in Africa - September 2011

  22 September 2011
  In line with its drive to grow in Africa, Werksmans Attorneys has appointed Greg Nott as director with effect from 1 September. read more

Quality national health?: Neil Kirby, Director - September 2011

  09 September 2011
  How the quality of healthcare to be accessed through the government’s proposed NHIS is measured and defined - and the extent to which this meets the government’s constitutional obligations on healthcare provision - could be key to the roll-out and succ>>> read more

Ensure your trade mark isn’t X-rated: Donvay Wegierski, Director - August 2011

  24 August 2011
  Introduction of the .xxx top level domain name will create a clearly signposted place where adult entertainment can be accessed on the internet. read more

Business rescue – a double edged sword?: Eric Levenstein, Director - August 2011

  23 August 2011
  With the introduction of business rescue by the new Companies Act a company director is obligated to either pass a resolution for business rescue or for liquidation, as soon as he or she becomes aware that the company is trading in a financially distre>>> read more

Business rescue proceedings hampered by cumbersome process: Eric Levenstein, Director - August 2011

  19 August 2011
  Good news for the banking fraternity is that certain debtor companies may now have a viable alternative to liquidation. read more

Alternative medicines under regulation for the first time: Neil Kirby, Director - August 2011

  18 August 2011
  Long-awaited changes to regulations governing the sale and use of complementary medicines in South Africa are set to bring the extensive alternative medicines market in this country under formal regulatory control for the first time. read more

Renewable energy sector under threat by proposed changes to tariff structure: Happy Masondo, Director - August 2011

  16 August 2011
  South Africa’s renewable energy sector has been dealt a major blow after the Department of Energy announced plans that will radically change the pricing policies government will use to pay producers of electricity from renewable sources. read more

Get HR affairs in order, or face the consequences of the broadened Basic Conditions of Employment Act: Jacques van Wyk, Director - July 2011

  25 July 2011
  Broadened application of the provisions in the Basic Conditions of Employment Act could have major consequences for business - particularly in sectors such as agriculture. read more

High Court validates Commission’s ability to grant conditional immunity: Paul Cleland & Paul Coetser, Directors and Ahmore Burger-Smidt, Directot at Werksmans Advisory Services - July 2011

  13 July 2011
  The Competition Commission’s Corporate Leniency Policy (“CLP”) has been validated. The North Gauteng High Court has ruled that the Competition Commission does have authority to enter into an immunity agreement with an immunity applicant under the CLP. read more

National Health Scheme: “more definitive details needed”: Neil Kirby, Director - June 2011

  03 July 2011
  read more

SA business warned to mitigate cloud computing risks: Tammy Bortz, Director - June 2011

  27 June 2011
  As more organisations seek to cut costs and improve efficiencies, the use of cloud services is growing amongst South African businesses. read more

Companies Act reinforces rights of company directors who act honestly and reasonably: Eric Levenstein, Director, June 2011

  13 June 2011
  Company directors who act honestly and reasonably while undertaking their duties could have a valid defence against possible legal and criminal action brought in terms of the new Companies Act which came into force in May. read more
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