The Financial Services Board and the consumer
Some regulations are overbroad, over-intrusive and sometimes beyond understanding - The Financial Services Board has been admirably busy protecting the consumer.
View ArticleHealth practitioner insurance on hold
For now, no health practitioner is required to have any form of indemnity cover - The problematic regulations of 30 August 2010 relating to indemnity cover for registered health practitioners have now...
View ArticleDerivatives traders breathe a collective sigh of relief
Business rescue and insolvency proceedings are two separate and distinct processes - Derivative traders recently breathed a collective sigh of relief when the draft Companies Amendment Bill (the...
View ArticleDeneys Reitz to join Norton Rose Group
Creating a top 10 global legal practice - Deneys Reitz, a leading South African corporate law firm, today announced that it will be joining international legal practice Norton Rose Group on 1 June 2011.
View ArticleSubrogation - Hooray!
The KZN court gets it right - Three months after the controversial judgment of Nkosi v Mbatha 2010 JDR 0839 (KZP) the KwaZulu-Natal Provincial Appeal Court was recently presented with yet another...
View ArticleRoad Accident Fund Amendment Act
The Constitutional Court decides - The Constitutional Court has ruled unanimously that a number of the contentious sections of the Road Accident Fund Amendment Act such as limits on damages and the...
View ArticleKeeping healthcare costs and benefits to a "prescribed" minimum
Can medical schemes and their members afford to pay for private healthcare in the future? - The recent High Court application for an interdict by the Board of Healthcare Funders against the Council for...
View ArticleNew Policyholder Protection Claims Rejection Rule from 1 January 2011
Regulating an insurer's decision to reject or accept claims as well as time limitation provisions - The amended Policyholder Protection Rules promulgated under section 55(5) of the Short-term Insurance...
View ArticlePension Fund Boards and the Principal Officer
The board is required to review the fitness and propriety of its principal officer annually - Added duties have been placed on the board of a pension fund regarding the appointment and termination of...
View ArticleFreedom of Contract and the Consumer Protection Act
The Act prohibits contractual terms which are unfair, unreasonable or unjust - The Consumer Protection Act will affect the form and content of all consumer agreements with individuals and small...
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