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South Africa Case Law

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Commercial And Corporate [2019] ZASCA 47

FirstRand Bank Ltd v Nedbank Ltd (1249/17)

FirstRand Bank Ltd v Nedbank Ltd (1249/17) [2019] ZASCA 47 (29 March 2019)

Court
Supreme Court of Appeal
Case number
1249/17
Judges
Cachalia, Mbha, Van der Merwe, Dlodlo, Rogers

The SCA held that book debts sold to Nedbank under an invoice discounting agreement did not revert on cancellation; Nedbank’s accrued ownership remained intact.

  • Contract Interpretation
  • Cession Of Book Debts
  • Security Cession
  • Accrued Rights
  • Cancellation Of Contract
  • Repurchase Mechanism
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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.