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Spence Law
- Oct 20, 2020
- 3 min
LOOP STRUCTURES – WHAT ARE THEY AND WHY DO THEY MATTER?
An investment into a foreign entity that develops into an investment loop (as a result of money coming back into the country through a loan and/or an investment from this foreign entity) creates a loop structure. This loop structure could possibly contravene South African exchange control regulations. It is important to know about loop structures and understand the South African law surrounding this. Those who lack insight on loop structures could experience untoward penaltie
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Spence Law
- Aug 28, 2020
- 4 min
The legal consequences of a customary wedding
by Sarah Gama, Attorney Legal consequences of a customary wedding The conclusion of a customary / traditional wedding is a time of great joy for many families. It marks the beginning of new relationships and the expansion of families. In the midst of the preparation of the festivities, many couples do not consider what the legal consequences are for the couple after the conclusion of the customary / traditional wedding. This article will briefly consider some of the legal con
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Spence Law
- Jul 27, 2020
- 3 min
An Executor in a Deceased Estate
by Sarah Gama, Attorney The executor of an estate After the loss of a loved one, family members have to face the hurdle of winding up the estate of their deceased family member. Very few people are experienced with this process and the task at hand may seem daunting. For estates with a value of less than R250,000, the Master of the High Court may dispense with the need for letters of executorship to be issued and may instead issue letters of authority for the estate represent
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