Is business interruption insurance the key?
A business interruption insurance policy typically caters for a decrease in turnover or profit (depending on the type of cover); an increase in operating expenses and a move to a temporary location (if necessary). The question arises whether or not COVID-19 qualifies as an insured event which could lead to a valid and enforceable insurance […]
Is it still a buyers’ market out there?
The property market for 2020 initially proved to be a buyers’ market. Though with the rise of the COVID-19 pandemic and the resultant lockdown’s effects on the economy, the question is whether it still is. The transfer duty threshold was lifted by R100 000, loan approvals were higher than they had been in years and […]
Relying on vis major clause in a contract in times of COVID-19
Vis major clauses Many businesses will seek to rely on the enforcement of vis major clauses to relieve their performance of certain obligations resulting from the COVID-19 outbreak. The term vis major refers to an event or occurrence, which renders contractual performance impossible. These clauses allow a contracting party to escape the normal consequences of non-performance or late performance […]
The Lockdown and Your Will
You really meant to get around to updating your Will after your wedding… the birth of your child… your divorce… your big move… but you just haven’t found the time… use the time you have during the lockdown to have your will drafted. We can draft your Will quickly and easily with just the following […]