1887

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

Volume 11, Issue 5
  • ISSN : 1681-178X
USD

 

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).

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/jb_prej/11/5/EJC49707
2011-06-01
2017-08-17

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error