oa De Rebus - Catch 22 - directors' duties under s 129(7) of the Companies Act - financial distress : feature
|Article Title||Catch 22 - directors' duties under s 129(7) of the Companies Act - financial distress : feature|
|© Publisher:||Law Society of South Africa|
|Publication Date||May 2013|
|Pages||42 - 43|
It is trite that the ultimate fate of a financially distressed company that is unable to pay its creditors is liquidation.
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