Warning: file_put_contents() [function.file-put-contents]: Only 0 of 28 bytes written, possibly out of free disk space in /home/shootin/public_html/libraries/joomla/filesystem/file.php on line 298
Recent Cases and News
  The Offices of Hyde Park Suite 103 Block B Strouthos Place (off 2nd Road) Hyde Park, Sandton   Tel: +27 (0)11 447 3185
Email: info@shoot-inc.com
An experienced and client-orientated law firm - Johannesburg, South Africa

Recent Cases and News

PDF Print E-mail

RECENT CASES

Breach of financing agreement

JM Shoot Attorneys took on a matter where a large financing agreement had been breached. It involved a number of principal debtors and sureties and, after protracted litigation involving numerous interlocutory applications and actions against the shareholders, members and sureties, a settlement agreement was signed by the parties and made an order of court. Thereafter, a structured exit event was negotiated between the parties in order to obtain satisfaction of the judgment debt.

Dissolution of a close corporation

A tightly held close coporation with significant property assets needed to be unbundled and sold. JM Shoot Attorneys assisted in the process, drafting the necessary documents and overseeing the sale of the members interest, the dissolution of the close corporation between the members and the sale of assets to various purchasers.

Breach of shareholder's obligation

JM Shoot Attorneys have recently assisted a minority shareholder, who was being oppressed in a corporate structure, to avail themselves of their right to liquidate various entities, in which was held significant loan accounts and financial interests, in order to protect the rights of our client as a minority shareholder and creditor.

Business Restructuring 

JM Shoot attorneys completed a brief from client for the ‘business rescue’, and restructuring on a well-known company in the industrial sector. The company had made a number of external investments, which had become unrecoverable and which effectively left it unable to service a debt to multiple creditors in excess of R30 million. The core of the company business was sound. JM Shoot Attorneys drafted a comprehensive business restructuring report detailing a full business turnaround strategy. Armed with the report and working with a new executive investor, we spent a number of months negotiating with creditors. We assisted our client in drafting and making an informal offer of compromise to creditors to settle the outstanding debt. The offer was accepted. The reconstituted company is now positioned for financial recovery and trading success. New agreements were reached with suppliers. Apart from the business rescue report, new executive service agreements and shareholders agreements and sale of assets agreements were drafted to give effect to the restructuring.

Socoza / FIFA Soccer World Cup

JM Shoot Attorneys was appointed as lead international counsel for the Socoza.com ticket swapping portal during the World Cup Soccer Tournament held in South Africa during June/July 2010. JM Shoot Attorneys resisted attempts by FIFA to close down Socoza. FIFA backed down and no legal action was pursued against Socoza.

The Soccer World Cup highlighted much criticism of FIFA's policies and operating style. It is hoped that a more open and pragmatic approach can be taken to ticketing issues in forthcoming tournaments.

News Articles

*    FIFA Not Innocent In Creating Ticketing Black Market, Says Lawyer
*    Socoza’s Victory Against FIFA Ticket Policies
*    FIFA tackled on swapping ban
*    FIFA guns for ticket websit

 
J M Shoot Attorneys. Lawyers serving clients in Johannesburg area and throughout Gauteng and South Africa, including Atholl Gardens, Atholl, Auckland Park, Bagleyston, Benmore Gardens, Birdhaven, Birnam, Bramley, Bruma, Bryanston, Craighall Park, Craighall, Cramerview, Cresta, Crown Gardens, Crown North, Cyrildene, Dainfern, Dunkeld, Emmarentia, Fourways, Gallo Manor, Glenhazel, , Greenside, Gresswold, Halfway Gardens, Halfway House Estate, Hawkins Estate, Highlands North, Houghton, Hurlingham, Hyde Park, Illovo, Inanda, Johannesburg CBD, Johannesburg North, Johannesburg South, Killarney, Kya Sand, Kyalami , Linden, Lone Hill, Marlboro Gardens, Marlboro, Melrose Estate, Melrose North, Melrose, Morningside Manor, Northcliff, Northgate, Northriding, Norwood, Oakdene, Oaklands, Observatory, Olivedale, Orange Grove, Orchards, Parkhurst, Parkmore, Parktown North, Parktown, Parkview, Randpark Ridge, Randpark, River Club, Riviera, Rivonia, Roodepoort, Rosebank, Sandhurst, Sandown, Savoy Estate, Saxonwold, Selby, Sunningdale, Sunninghill, Sydenham, Woodmead,Wynberg