Loans and debt recovery
Doctrine in Banking & Finance. 2 cases, with the principle each one established. By lanbuk.com.
- Nedbank Limited v Heckley Petersen N.O and Others (65019/2020) [2022] ZAGPPHC 41 (11 January 2022)
South Africa · 2022
Principle established: A court may grant default judgment for outstanding loan amounts and declare mortgaged property specially executable when a debtor fails to defend the action.
- Standard Bank of Malawi v Maone Oil Mills Limited & 5 others (MSCA Civil Appeal 94 of 2018) [2024] MWSC 6 (27 February 2024)
Malawi · 2024
Principle established: A bank may seek to realize its security based on guarantees and indemnities executed by parties in relation to financial accommodations extended to a company.