Georgiou N.O and Another v Poole and Another (A143/2024 ; 2566/2021)
Georgiou N.O and Another v Poole and Another (A143/2024 ; 2566/2021) [2025] ZAGPPHC 738 (21 July 2025)
The court held that the Trust, as heir and beneficiary, does not acquire ownership of the deceased's assets upon death but only a contingent personal right against the executor, enforceable after confirmation of the liquidation and distribution account. This right is financial, not legal, and does not confer locus standi to intervene in sequestration proceedings. The trustees were inquorate and failed to appoint a third trustee as required by the Trust Deed, further undermining their standing. The court found no merit in the argument that Mr Poole lacked locus standi due to the alleged cessio…
Source excerpt
- Locus Standi
- Intervention Application
- Sequestration
- Trust Deed Interpretation
- Business Rescue Plan