Banking Law
SB Lawyers: South African Lawyers With Expertise in Banking Law
The law firm was established by Daniel Schoeman on June 1, 1997. It celebrated its 26th anniversary on June 1, 2023, and aims to celebrate its half-century anniversary in the future.
Daniel established the firm with practice areas that mainly consisted of family law and commercial/banking law. He had previous experience as a legal practitioner in Johannesburg and served a commercial bank for nearly a decade. During his time at the commercial bank, he was involved in the merger of several banks and assisted the newly established bank’s human resources department on labour issues, for which he was specially trained at UNISA. Following the establishment of the firm, Daniel expanded his knowledge of general labour law by qualifying with the post-graduate Advanced Certificate in Labour Law from the University of Pretoria in early 2000.
The firm expanded with the addition of Yolandie Borman in 2005. She is currently the director of the Family and Child Law division and co-director of the Labour Law division of the firm. Yolandie has also since qualified with the post-graduate certificate in Advanced Labour Law from the University of Pretoria.
We have extensive experience in all areas of banking law and a combined expertise of approximately 32 years. At SB Lawyers, we can confidently say that we are knowledgeable in all aspects of banking law.
SB Lawyers in The Banking Law Environment
Banking law in South Africa, a critical subset of commercial law, is governed by a comprehensive framework that includes the Banks Act 94 of 1990, the Financial Sector Regulation Act, the Financial Intelligence Centre Act, and other key legislation. This legal framework regulates and oversees financial institutions, including banks, cooperative banks, and mutual banks. The South African Reserve Bank plays a central role in regulating and overseeing the banking sector, ensuring compliance with prudential and conduct standards.
Banking Law encompasses various aspects, such as the protection of personal information under the Protection of Personal Information Act, adherence to the Code of Banking Practice, and compliance with the Companies Act. The Co-operative Banks Act and the Mutual Banks Act further regulate co-operative and mutual banks, ensuring their proper functioning within the financial sector.
The Financial Sector Conduct Authority and the Financial Intelligence Centre are pivotal in enforcing compliance and monitoring the financial sector. The Financial Intelligence Centre Act mandates stringent measures to prevent money laundering and ensure the financial system’s integrity.
Our Expertise in Banking Law
Protecting Consumer Rights:
Protecting consumer rights in the banking sector, including access to banking services and the protection of personal financial information.
Foreclosure Procedures:
The term foreclosure means that a bank has, by way of legal process (litigation), commenced with a process to seek an order of Court, permitting the bank to sell the property of a consumer bonded by the bank as security for the obligation by the consumer towards the bank. This kind of litigation is complex, involve the provisions of the National Credit Act and renders it difficult for consumers to protect their rights whenever a bank commences with litigation to, ultimately, seek the selling of the consumer’s property and the eviction of a consumer and his/her family. Litigation of this nature can be well managed by us in order to attempt to ensure a legal solution to this kind of cases.
Banking Transactions:
Assisting with the legal aspects of banking transactions, digital banking, and financial technology (FinTech).
Why Choose SB Lawyers?
We know our craft
We have duly illustrated our experience in the specialities in which we practice.
Resourceful
We have access to all legal resources.
Reasonable & Cost Effective
We strive to render legal solutions on a cost-effective basis and within a reasonable time framework, depending on the approach adopted by clients and opposing parties.
Diverse Client Base
We serve all communities, languages and cultures and respect the individual.
Let us provide you with a legal solution
Request An Appointment
Address : L0-T1, Ground Floor, North Wing, Riverwalk Office Park, Garsfontein Road, Ashlea Gardens, Pretoria.
Office Number : 012 346 8606
Daniël Schoeman: 083 268 4788
Yolandie Borman: 084 401 0336
Email : sbattorneys@www.sblawyers.co.za
Business Hours:
Monday to Thursday: 08:00 – 16:30
Fridays: 08:00 – 15:00