Lipschitz NO v Udc Bank Ltd
| Jurisdiction | South Africa |
| Judgment Date | 28 November 1978 |
| Citation | 1979 (1) SA 789 (A) |
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56 practice notes
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Sasfin (Pty) Ltd v Beukes
...An approach founded on similar considerations appears to underlie the conclusion reached by Miller JA in Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) at 808C - Furthermore, it seems to me, as a matter of principle, that when dealing with an agreement which is invalid because it contains ......
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Botha (Now Griessel) and Another v Finanscredit (Pty) Ltd
...Law at 77 - 9; Sandmann v Schaefer 1969 (4) SA 524 (SWA); Smith v Rand Bank Bpk 1979 (4) SA 228 (N); Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A); Mutual Life Insurance Co of New York v Ingle 1910 TPD G 540; Kalk v Barclays National Bank Ltd 1983 (3) SA 619 (A); Swart v Vosloo 1965 (1) S......
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Commissioner for Inland Revenue v Pick 'n Pay Employee Share Purchase Trust
...any company in the group. That follows from the prohibition against a company purchasing its own shares: Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) at 797H-798A; AA Mutual Insurance Association Ltd v Century D Insurance Co Ltd 1986 (4) SA 93 (A) at 101D-E; and the further prohibition c......
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Lewis v Oneanate (Pty) Ltd and Another
...but subject to the mortgage bond. Held, accordingly, that ground (1) of the exception had to be dismissed. Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) Held, further, as to the alleged vagueness of the contract, that the fact that the agreement was generally inelegant, clumsy in expressi......
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51 cases
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Sasfin (Pty) Ltd v Beukes
...An approach founded on similar considerations appears to underlie the conclusion reached by Miller JA in Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) at 808C - Furthermore, it seems to me, as a matter of principle, that when dealing with an agreement which is invalid because it contains ......
-
Botha (Now Griessel) and Another v Finanscredit (Pty) Ltd
...Law at 77 - 9; Sandmann v Schaefer 1969 (4) SA 524 (SWA); Smith v Rand Bank Bpk 1979 (4) SA 228 (N); Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A); Mutual Life Insurance Co of New York v Ingle 1910 TPD G 540; Kalk v Barclays National Bank Ltd 1983 (3) SA 619 (A); Swart v Vosloo 1965 (1) S......
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Commissioner for Inland Revenue v Pick 'n Pay Employee Share Purchase Trust
...any company in the group. That follows from the prohibition against a company purchasing its own shares: Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) at 797H-798A; AA Mutual Insurance Association Ltd v Century D Insurance Co Ltd 1986 (4) SA 93 (A) at 101D-E; and the further prohibition c......
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Lewis v Oneanate (Pty) Ltd and Another
...but subject to the mortgage bond. Held, accordingly, that ground (1) of the exception had to be dismissed. Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A) Held, further, as to the alleged vagueness of the contract, that the fact that the agreement was generally inelegant, clumsy in expressi......
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5 books & journal articles
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Die kapitaal van 'n beslote korporasie en die beskerming van skuldeisers
...(HL); Guinness v Land Corporation of Ireland (1883) 22 ChD 349 (CA); Cohen v Segal 1970 (3) SA 702 (W); Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A); en Cilliers & Benade op cit noot 1 op 313. Die gemeenregtelike beginsel van aandelekapitaalinstandhouding word verder aangevul deur 'n hel......
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Groups / Groepe : caput 6
...corporation.13 In terms 9 Section 40.10 See sections 40 and 63(f). 11 UDC Bank v Lipschitz 1977 1 SA 275 (W) 286; Lipschitz v UDC Bank 1979 1 SA 789 (A). 12 Section 295 (1). 13 Geach and Schoeman Guide 150of section 295(2), those particulars do not have to be disclosed in a holding company’......
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Loans to Directors—An Analysis of Section 226 of the Companies Act
...71 Supra note 4. 72 Stegmann J does not refer to the report in his judgment. 73 Supra note 56 at 662E—F. 74 Lipschitz No v UDC Bank 1979 (1) SA 789 (A) at 804D (per Miller JA). 75 S v Pourolis supra note 4 at 589C—F. © Juta and Company (Pty) LOANS TO DIRECTORS — ANALYSIS OF SECTION 226 OF T......
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The Introduction of the Statutory Merger in South African Corporate Law: Majority Rule Offset by the Appraisal Right (Part 1)
...to the company. The benefit to Company H is discussedshortly.152See further par 6.2 below.153See further Lipschitz NO v UDC Bank Ltd 1979 (1) SA 789 (A).154See Gilson op cit note 2 at 530.STATUTORY MERGER: MAJORITY RULE AND APPRAISAL RIGHT 29© Juta and Company (Pty) the triangular merger i......
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