n Without Prejudice - Commercial class action has arrived : company law
|Article Title||Commercial class action has arrived : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Nov 2008|
|Pages||15 - 17|
s157 of the Companies Bill 2008, if passed in its present form, will bring the class action into mainstream corporate and commercial activity in South Africa. It will arrive without any legislative procedural guidance and will be regulated by the forum in which it is commenced (a court, the Companies Tribunal, the Takeover Regulation Panel, the Companies Commission).
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