n Without Prejudice - Delays in the appointment of liquidators : crisis or opportunity? : financial law
|Article Title||Delays in the appointment of liquidators : crisis or opportunity? : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||May 2013|
|Pages||44 - 45|
It is a notorious fact that the Master of the High Court often, if not usually, delays in appointing provisional liquidators of companies for a number of weeks or even months. This can leave the company rudderless and at the mercy of individuals in possession of its assets, to the prejudice of creditors. On the other hand, such delays may create an opportunity for creditors who have the fortitude to grasp it, as will be discussed in this article.
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