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n Without Prejudice - Business rescue : business law

Volume 11, Issue 5
  • ISSN : 1681-178X
USD

 

Abstract

The new Companies Act (71 of 2008), as amended by Companies Amendment Act (3 of 2011) which became effective on May 1 2011, introduced a new formal, modern, method to rehabilitate companies that are financially distressed. Business rescue is an alternative to liquidation and replaces the rarely used and mostly unsuccessful process of judicial management.

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/content/jb_prej/11/5/EJC49698
2011-06-01
2017-03-23

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