1887

n Without Prejudice - Nothing usurious about this mezzanine funding : financial law

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Abstract

The South Gauteng High Court recently ruled that the interest rate of up to 1.5% per month applicable to mezzanine funding is not usurious and does not constitute an unlawful penalty in terms of the Conventional Penalties Act (51 of 1962).

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/content/jb_prej/11/5/EJC49707
2011-06-01
2016-12-06
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