oa De Rebus - Insolvency law reform an update



The Insolvency Act 24 of 1936 (the Act) has now been in use more than 60 years. The Act is not the only source of our insolvency law, since rules pertaining to insolvent companies and close corporations are, for instance, also to be found in other Acts such as the Companies Act 61 of 1973 and the Close Corporations Act 69 of 1984, while principles of the common law also apply in certain instances.


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