Generic selectors
Exact matches only
Search in title
Search in content
Search Posts
Search in pages
Search Products
Filter by Categories
B-BBEE
Blog
Company Secretarial
Featured
General Business
General Interest
Investing in Property
Marketing
Personal Growth
Personal Wealth
Tax
Trusts and Estate Planning

I often come across situations where the directors of a company are at war with each other. Accusations and denials fly like bullets. There is relief available in law.

I owe this entirely to Telfer & Associates Inc, but felt that it is so valuable that I simply had to pass it on. I’ve snipped the crunch lines below, but if you want to know more, I suggest that you contact them directly 011 267 2600 or queries@telferinc.co.za. Just mention from where you got the lead. 

Liquidation

As Telfer & Associates point out, it is the last clause 3 that gives the courts very wide powers of discretion.

Note that they strongly suggest that every other means of settlement should first be explored, including and especially, mediation and, as an Internationally accredited financial mediator, I wholeheartedly agree. A skilled mediator can often work wonders in just one or two days and at a cost (currently about R30 000) that is negligible when compared to that of litigation.

Need help with your Investments?

Contact us today or set up a free meeting with our CEO, Derek Springett, to discuss your options. We have been offering expert financial advice and business services since 1971. You can also visit our online store to see our list of financial services.