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South Africa Case Law

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Banking And Finance [2008] ZASCA 82

Ovation Preservation Pension Fund and Others v Executive Officer Financial Services Board (519/2007)

Ovation Preservation Pension Fund and Others v Executive Officer Financial Services Board (519/2007) [2008] ZASCA 82; 2009 (1) SA 485 (SCA) (2 June 2008)

Court
Supreme Court of Appeal
Case number
519/2007
Judges
Scott, Mlambo, Hurt, Leach, Kgomo

The SCA upheld a curatorship order allowing costs to be met from investor assets and permitting restrictions on withdrawals and benefit payments.

  • Curatorship
  • Trust Property
  • Powers Of Court
  • Costs Of Curatorship
  • Restriction On Disinvestment
  • Pension Benefits
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Banking And Finance [2007] ZAWCHC 33

Executive Officer, Financial Services Board v Ovation Global Investment Services (Pty) Ltd and Others (2197/2007)

Executive Officer, Financial Services Board v Ovation Global Investment Services (Pty) Ltd and Others (2197/2007) [2007] ZAWCHC 33; 2008 (3) SA 69 (C); [2007] 4 All SA 741 (C) (14 June 2007)

Court
Western Cape High Court, Cape Town
Case number
2197/2007
Judge
Dlodlo

The High Court confirmed curatorship over Ovation companies, approving wide curatorial powers and allowing costs and remuneration to be paid from investor assets if company assets were insufficient.

  • Financial Institutions Protection Of Funds Act
  • Curatorship Powers
  • Trust Property
  • Remuneration Of Curators
  • Costs Of Curatorship
  • Judicial Management Distinction
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About this LexChat collection

South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

Source links and collection timestamps are retained alongside the indexed records.