n Without Prejudice - Giving us an American headache : company law
|Article Title||Giving us an American headache : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jul 2013|
|Pages||20 - 21|
Two years into the Companies Act, 2008 it is difficult to gauge how popular or useful the new statutory merger and amalgamation provisions in s113 and s116 have been in practice. Essentially these provisions allow companies to "fuse" into each other, with their respective assets and liabilities automatically, and by operation of law, being transferred and assigned into a merged or amalgamated company.
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