It frequently occurs that a practitioner is confronted with a situation where a Company or Close Corporation is deregistered or dissolved and removed from the register.
In terms of section 13(1) of the Administration of Estates Act 66 of 1965 (“the Act”) no person may deal with South African assets unless authorized thereto by the Master of the High Court in South Africa.
On 1 August 2014, the Minister of Environmental Affairs published the Alien and Invasive Species Regulations ("the Regulations") which came into effect on the 1st October 2014 in a bid to curb the negative effects of IAPs.