oa De Rebus - Cutting the lifeline - the termination of business rescue proceedings : feature
|Article Title||Cutting the lifeline - the termination of business rescue proceedings : feature|
|© Publisher:||Law Society of South Africa|
|Author||Jakomien Van Staden|
|Publication Date||Dec 2013|
|Pages||14 - 17|
Business rescue proceedings (BRPs) were introduced into South African law by ch 6 of the Companies Act 71 of 2008 (the Act), which commenced on 1 May 2011. These provisions have provided ample opportunity for businesses in financial distress to remedy the situation and effectively work to avoid an otherwise imminent liquidation.
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