South Africa Case Law

Investec Bank Ltd. and Another v Lefkowitz (384/95)

Investec Bank Ltd. and Another v Lefkowitz (384/95) [1996] ZASCA 136; 1997 (3) SA 1 (SCA); [1997] 1 All SA 581 (A); (27 November 1996)

Court

Supreme Court of Appeal

Case number

384/95

Judges

Van Heerden JA, Hefer JA, Eksteen JA, Nienaber JA, Marais JA

The court held that the operative share trust deed governed the options, making the employee’s early exercise premature and ineffective.

• Share Option Scheme
• Contractual Interpretation
• Employee Incentives
• Trust Deed Construction
• Contractual-interpretation
• Share-option-schemes