Articles
The Right to Enforce a Claim against Surety after Business Rescue Proceedings: Authoritative Respite Welcomed
It has always been common commercial practice for a creditor to call for a personal suretyship when extending credit to a juristic debtor.
When Are Companies Required to Furnish Security for Costs?
In terms of s13 of the old Companies Act 69 of 1973 read with High Court rule 47, a South African Company could be ordered to provide security for costs if the party seeking security had reason to believe that such a company would be unable to satisfy a costs order which may be awarded against it.