n Without Prejudice - Sink or swim? Business rescue ... the art of treading water : company law

Volume 12, Issue 2
  • ISSN : 1681-178X



The new Companies Act (71 of 2008), as amended, provides an opportunity for companies trading under financially distressed circumstances, to apply for the temporary supervision of the company by a trained Business Rescue Practitioner. He (or she) would take over the management of the company's affairs, business and property for an interim period.

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