Du Toit v Du Plessis and Another (364/2012)
Du Toit v Du Plessis and Another (364/2012) [2012] ZANCHC 59 (29 June 2012)
The court found that there was no sufficient basis to imply a term into the parties' relationship that required the first respondent to transfer his shares and directorship in the second respondent to the applicant upon withdrawal. The second respondent was not a shell company but an active business entity, and the applicant conceded that he could not claim transfer if this was the case. The interim interdict was not justified as the fears of harm to the premises were unfounded, and the retention right claimed by the applicant did not constitute a cause of action. The application for confirma…
Source excerpt
- Interim Interdict
- Implied Terms
- Oral Agreement
- Company Share Transfer
- Retention Right