Pick n Pay Retailers (Pty) Ltd v Pine Valley Supermarket (Pty) Ltd (8209/2014) [2015] ZAKZDHC 27 (20 March 2015)
Wednesday, 12 February 2020
BACKGROUND Pick n Pay Retailers (Pty) Ltd (the “Applicant”) launched an urgent application to perfect its security in of the form of a general notarial bond (“the Bond”) held in favour of Pine Valley Supermarket (Pty) Ltd (the “Respondent”). The Applicant sought to perfect its security as a result of the Respondent’s failure to effect
- Published in 2020, Perfection of a General Notarial Bond
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The Ins and Outs of the Assets that may be Secured in Notarial Bonds
Wednesday, 06 November 2019
INTRODUCTION Commonly, creditors need to decide on the method in which to obtain the best security for the due and proper performance by the debtor of its obligations under, for example, a loan agreement. Often, creditors decide on a special and general notarial bond which provides the best possible security in one document without incurring
- Published in 2019, Notarial Law
NOTARIAL BONDS AS A FORM OF SECURITY
Monday, 01 October 2018
Introduction The registration of a mortgage bond over the immovable property of the debtor (“mortgagor”), in favour of the creditor (“mortgagee”), is a common example of granting security. A lesser known form of security is the notarial bond, which functions in a similar way to mortgage bonds but is registered over the movable property of
- Published in Notarial Law, 2018, Banking Law, News
