CASE IN POINT – MARCH 2020
TERMICO CASE ANALYSIS
– JUDGMENT OF THE SUPREME COURT OF APPEAL
Termico (Pty) Ltd v SPX Technologies (Pty) Ltd & others; SPX Technologies (Pty) Ltd v Termico (Pty) Ltd (418/2018) [2019] ZASCA 109
The background
This judgment of the Supreme Court of Appeal, delivered on 6 September 2019, has its origins in a dispute that arose out of a shareholders’ agreement concluded between the parties, Termico (Pty) Ltd and SPX Technologies (Pty) Ltd, on 15 September 2006, almost some 10 years earlier.