oa De Rebus - Interpretation of s 133(1) of the Companies Act 71 of 2008 - the principle of moratorium re-defined under business rescue : case note
|Article Title||Interpretation of s 133(1) of the Companies Act 71 of 2008 - the principle of moratorium re-defined under business rescue : case note|
|© Publisher:||Law Society of South Africa|
|Publication Date||Jul 2015|
|Pages||51 - 52|
The enactment of the Companies Act 71 of 2008 (the Act) brought about s 7, envisaging the purpose and application of the Act, inter alia, subs k 'provide for the efficient rescue and recovery of financially distressed companies, in a manner that balances the rights and interests of all relevant stakeholders, and introduces business rescue proceedings for financially distressed companies.'
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