Sandton law firm named in state capture in battle against liquidation | Business

Lawtons directors Jeff Buckland and Veronica Vurgarellis with attorney Philip Webster from African law firm Asafo at the signing of a cooperation agreement between Lawtons and Asafo in May 2020.Sandton law firm Lawtons Africa, implicated at the Zondo Commission for allegedly laundering money for its former client Bosasa, faces liquidation if former directors of the firm don't cough up for a last-ditch bailout.

News24 is in possession of a lawyers' letter sent on behalf of Lawtons, previously known as Hogan Lovells South Africa, to almost 30 of its previous equity directors,"requesting" them to each pay R833 333.34 as a pro rata contribution to historical debt with Standard Bank. Lawtons needs to pay back R30 million to Standard Bank by 3 November or risk being placed in liquidation.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tongaat creditors approve business rescue plan for property development arm | BusinessCreditors of embattled sugar producer Tongaat Hulett on Tuesday almost unanimously voted in favour of the rescue plan for the company's property arm, which is to be wound down. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

'Worst consumer environment in 25 years': Koo owner Tiger Brands crashes almost 17% | BusinessVolume declines and a profit squeeze saw shares in Tiger Brands crashing more than 16% on Tuesday as it grappled with the worst consumer environment in 25 years and made plans to deal with Stage 10 load shedding. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Game over: Implats finally gains control of RBPlat | BusinessThe miner now has a shareholding of over 55% in Royal Bafokeng Platinum, triggering a series of public interest benefits for South Africa. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Grow your business with iStore, your one-stop tech destinationSPONSORED | For SMEs across sectors, iStore Business offers Apple technology, support and financial flexibility for an irresistible edge in the digital economy
Source: BDliveSA - 🏆 12. / 63 Read more »

Hammanskraal cholera deaths a 'harsh reminder' of leadership failures, says Auditor-General | BusinessThe number of South African municipalities that received clean audits decreased in 2022, as the Auditor General again said poor planning, weak financial controls and an overreliance on costly consultants were contributing to service delivery failures.
Source: News24 - 🏆 4. / 80 Read more »

Solar PV firm fined R200 000 for allegedly colluding in tenders | BusinessA Gauteng-based solar PV firm will pay a fine of R200 000 after being accused of colluding in tenders for the Council for Geoscience and the Department of Mineral Resources and Energy. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »