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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.

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Health 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...

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Derivatives 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...

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Deneys 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.

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Subrogation - 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...

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Road 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...

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Keeping 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...

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New 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...

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Pension 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...

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Freedom 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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