Cliffe Dekker Hofmeyr

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Practical M&A: Locked box mechanism explained

07/02/2018 The locked box mechanism entails that the purchase price payable on the transaction’s closing date (Closing), is agreed and fixed at the date of…

Beware of excluding liability for consequential damages in confidentiality agreements

07/11/2016 Confidentiality or non-disclosure agreements (NDAs) may limit or exclude the parties’ liability for damages in certain circumstances. Clauses such as…

Removal of a director by shareholders - to give reasons or not to give reasons?

18/01/2018 The Companies Act, No 71 of 2008 (Companies Act) regulates the removal of directors. In terms of the Companies Act, a director may be removed either…

Capitalisation of shareholder loans

04/07/2014 The applicant was a locally incorporated company, and tax resident in South Africa. The applicant’s majority shareholder was a foreign company. The…

Redundancy in Zambian labour law

07/07/2014 The Employment Act (Chapter 268 of the Laws of Zambia) is the principal piece of legislation governing employee rights in Zambia. A distinction is…

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Cliffe Dekker Hofmeyr


  • South Africa

    • Cape Town

      11 Buitengracht Street, Cape Town 8001, South Africa
      T +27 21 481 6300F +27 21 481 6388[email protected]
    • Johannesburg

      1 Protea Place, Sandton, Johannesburg 2196, South Africa
      T +27 115 621 000F +27 115 621 111[email protected]
    • Stellenbosch

      14 Louw Street, Stellenbosch Central, Stellenbosch 7600, South Africa
      T 27 21 481 6400[email protected]