n Without Prejudice - Getting clever with business rescue : company law
|Article Title||Getting clever with business rescue : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Aug 2012|
Judging from the numerous court hearings on the topic, business rescue is fast becoming part and parcel of restructuring companies in financial distress. It is an option for financially distressed companies to file for the supervision of the company's business and affairs by a business rescue practitioner pending the voting in of a business restructuring plan in terms of Chapter 6 of the Companies Act, (2008).
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