n Without Prejudice - Sink or swim? Business rescue ... the art of treading water : company law
|Article Title||Sink or swim? Business rescue ... the art of treading water : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Mar 2012|
|Pages||12 - 13|
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.
Article metrics loading...