Judgments

Interesting Judgment: Zungu-Elgin v Jeany Industrial Holdings & Others

07 December 2020

In the attached judgment the SCA confirmed the position at common law, that a surety’s right of recourse arises upon payment to a creditor. Section 154(2) of the Companies Act does not alter the common law position.

This judgment was kindly sent to us by H Laher of Fasken Inc.

  Judgment - 3 December 2020: Zungu-Elgin v Jeany Industrial Holdings & Others

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