Update: US Law Clinic & others / National Credit Regulator & others

Update: US Law Clinic & others / National Credit Regulator & others

On 13 December 2019 the Western Cape High Court issued its landmark judgment in favor of the applicants, the effect being that all amounts (including legal fees) that accrue against the debtor during the time that they are in default, are limited to the arrears debt at the time of default. Leave to appeal the judgment has been requested by one of the respondents, Bayport. The Clinic has allocated many of its resources to the institution of the pending class action to give effect to the terms of the judgment. We are currently consulting with our legal team to consider our options in the light of the appeal.

2021 © UX Design & Development by NetMechanic