Taylor and Finlay Attorneys's Monthly Newsletter

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February 2018 NEWSLETTER
Security Estates: Are Your Rules Enforceable?
Buying into any form of community scheme means binding yourself to comply with all the scheme’s rules and regulations. Read and understand these rules before you buy - our courts will usually hold you to them.

But not all rules are legally enforceable, and there’s a strong warning for security estates in a recent High Court case where estate speed limits and restrictions on the movement of domestic employees were challenged and found wanting.
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 Conveyancing Family Law Business Law Civil Litigation Financial and Estate Planning

Employees be Warned! A Conflict of Interest Can Get You Dismissed
ArticleImage Dismissal from employment is a drastic remedy, and not lightly upheld by our courts.  But where an employee breaches his/her general duty to act loyally, honestly and in their employers’ best interests, it’s certainly on the table.

We discuss a case in which a municipal employee with 29 years of service was found guilty of a conflict of interest involving his wife’s and brother’s business links to the municipality.  His fate is a timely warning to employees to follow Benjamin Franklin’s advice that “honesty is the best policy”.
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Don’t Lose Your Claim to Prescription - Know the Law!
ArticleImage Delay suing your debtor for too long and you lose your right to claim forever.  That’s the practical effect of our law of prescription, and it’s like throwing money away.  It’s also totally avoidable.

But what if you didn’t know you had a claim in the first place?  A recent judgment from the highest court in the land – our Constitutional Court – warns that what counts is whether your lack of knowledge is a case of factual ignorance, or a case of ignorance of the law.  It’s the source of your ignorance that counts; and not managing that can cost you a lot of money…
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Trustees: Your Risk of Personal Liability in Property Sales
Let’s look at a recent High Court case in which a property seller sued a trustee personally for R2m. The trustee, it turned out, had no authority to sign the sale agreement alone, causing the sale to collapse.

What steps should trustees take to protect themselves from personal liability, and what steps should sellers and buyers take to protect their positions when contracting with trusts?  

Read on for the answers…
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Your Website of the Month: Timing is Everything
In both our business and our personal lives, timing is everything.

But how exactly do we time everything we do for maximum effectiveness? When is the best time of day to be creative, to make decisions, to analyse, to negotiate deals? When are we at our most productive?  When are our roads at their most dangerous?  What’s the ideal age for marriage?

Here’s a blog post discussing the scientific answers to these and other vital life questions…  
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The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.

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