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South Africa decisions
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Mellet N O and Others v Vermeulen and Another (1049/2021) [2022] ZASCA 176 (7 December 2022)
The Supreme Court of Appeal held that the appellants failed to prove a trust inter vivos met the statutory requirements to hold a close corporation interest.
Vermeulen & Another v Mellet N.O. & 2 others (A142/2020) [2021] ZAFSHC 141; [2021] 4 All SA 281 (FB) (27 May 2021)
The court held that the trust’s attempted sale of a close corporation member’s interest was void ab initio for non-compliance with section 29 of the Close Corporations Act.
Mellet NO and Others v Vermeulen and Another (2702/2019) [2020] ZAFSHC 61 (13 March 2020)
The court held that an inter vivos trust could hold a close corporation interest under section 29(1A) and enforced the sale agreement, dismissing the counter-application.
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