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VIDEO · 01 OCTOBER 2020

Shareholder Claims (Video)

Bowmans
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Shareholder claims revisited - what is the current position following the recent Steinhoff and African Bank judgments?

South AfricaCorporate/Commercial Law
Tim Gordon-Grant
Tim Gordon-Grant
James McKinnell
James McKinnell

  • Shareholder claims revisited - what is the current position following the recent Steinhoff and African Bank judgments?
  • When can shareholders sue directors/ prescribed officers and/ or auditors for loss they've suffered?
  • When can they use the class action or derivative action procedures?
  • Is there a future for shareholder class actions in these circumstances?
  • Do directors/ prescribed officers no longer need to fear class actions by shareholders?

Join dispute resolution partners, Tim Gordon-Grant and James McKinnell, as they discuss potential claims by shareholders against directors and auditors of companies in light of two important recent judgments: Dorothea De Bruyn v Steinhoff International Holdings N.V. and 41 others, High Court (click here to download the judgement), and Steinhoff and Hlumisa Investment Holdings (RF) Ltd v L Kirkinis, Supreme Court of Appeal (click here to download the judgement).

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