The restructuring of a company in financial distress may be an attractive option to many a business facing tight times. The Companies Act 2008, at Chapter 6, formally introduced the global concept of “business rescue” to South Africa. The aim, to rehabilitate ailing companies by providing a temporary suspension of claimants’ rights against the company...Read More

The restructuring of a company in financial distress may be an attractive option to many a business facing tight times. The Companies Act 2008, at Chapter 6, formally introduced the global concept of “business rescue” to South Africa. The aim, to rehabilitate ailing companies by providing a temporary suspension of claimants’ rights against the company...Read More