Boost Sports Africa (Pty) Limited v South Africa Breweries (Pty) Limited (20156/2014)
Boost Sports Africa (Pty) Limited v South Africa Breweries (Pty) Limited (20156/2014) [2015] ZASCA 93; 2015 (5) SA 38 (SCA); [2015] 3 All SA 255 (SCA); 2015 BIP 22 (SCA) (1 June 2015)
The Supreme Court of Appeal held that, following the repeal of section 13 of the Companies Act 61 of 1973 and its omission from the Companies Act 71 of 2008, there is no longer a statutory basis for compelling an incola company to furnish security for costs. However, the court retains an inherent discretion under common law, derived from section 173 of the Constitution, to order security for costs where the action is vexatious, reckless, or an abuse of process. Mere inability to satisfy a potential costs order is insufficient; something more is required. In this case, the appellant failed to…
Source excerpt
- Security For Costs
- Common Law Discretion
- Abuse Of Process
- Access To Court
- Confidential Information
- Corporate Veil