The dispute is now set to go to independent arbitration in November this year after the two parties agreed to remove the battle from the Western Cape High Court.“The case has not been thrown out‚” Roux’s lawyer Frikkie Erasmus told TimesLIVE.
“Administratively‚ in terms of timing and time availability it is much easier to be in arbitration than in court. “This doesn’t make it a better or worse outcome because a competent arbitrator has been appointed and was agreed to by both parties.“We have no idea how long the hearing will take because there are a lot of witnesses to be called.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPINIONISTA: Why company law and the King Codes can’t save corporate SAWhat lies at the heart of the rot in corporate SA may surprise you. Where government gets it right, the private sector and SOEs get it spectacularly wrong. You to recite case law pretty well but one obvious point that is being missed is the respective boards make up and how it came to be. Due to enforced governmental policy via BEE we have a scenario by which certain role players being selected due there political conections. The process is filled with corruption abd unetchical behavior but the company is blind to the process itself. This has a massive ripple effect as these boards are involved in driving the top management structure IE who gets employed etc. King codes etc is nothing more than a guiding principle and a framework and non compliance and there is no real framework of real enforement as the respective boards are made up of people there out of personal interest. With strong moral or business etchics the business culture
Source: dailymaverick - 🏆 3. / 84 Read more »