Michael Tellinger defends himself in the Johannesburg Supreme - TopicsExpress



          

Michael Tellinger defends himself in the Johannesburg Supreme Court against a bill of R280,000 ($28,000) for legal costs by Standard Bank. This is the final chapter in a 3-year legal battle that started in March 2011, in which Michael defended himself against the foreclosure of his property by STD Bank. His argument was that the bank had no right (locus standi) to begin action against him because they were no longer the owner of the original contract, having sold it to a third party through a process called securitisation. The original contract was never presented as evidence in court.
Posted on: Wed, 24 Sep 2014 12:54:00 +0000

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