Category

Insolvency/Liquidation
Imagine you gather enough evidence, via a forensic investigation and an insolvency inquiry, to suggest that the sole member of a close corporation has defrauded you of almost R22m. R12m is repaid and you sue the member on a personal liability basis for the remaining R10m. She hotly denies liability, but before she even begins...
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As all entrepreneurs can confirm, the road to success is littered with failures. The trick is to distinguish between a business that’s beyond recovery, and one that just needs some help to get back on track. When financial distress looms, you need to choose between the finality of liquidation and the second-chance option of business...
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Occasional disagreements are inevitable in all relationships, but when they spiral out of control to the extent that the directors of a company go to war with each other, the resulting deadlock can make it impossible for the company to continue operating. How can you avoid that happening to your company, and what should you...
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