Coral Lagoon Investments 194 (Pty) Ltd and Another v Capitec Bank Holdings Limited (887/2021)
Coral Lagoon Investments 194 (Pty) Ltd and Another v Capitec Bank Holdings Limited (887/2021) [2022] ZASCA 144; [2023] 1 All SA 1 (SCA) (24 October 2022)
The Supreme Court of Appeal held that clause 7.1.6.2 of the consent agreement is a binding contractual undertaking, not merely a warranty, and was freely and voluntarily agreed to by the appellants after obtaining independent legal advice. The clause restricts the appellants from instituting legal proceedings against Capitec in which they use or rely upon the 2017 Petratouch Transaction, except for claims arising from breach of the consent agreement itself. The institution of the 2020 action by the appellants, which relies on the 2017 Petratouch Transaction, constitutes a breach of this under…
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- Contractual Undertakings
- Specific Performance
- Public Policy
- Access To Courts
- Pactum De Non Petendo