n Without Prejudice - Non-cession clauses on insolvency : company law
|Article Title||Non-cession clauses on insolvency : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Julian Jones and Yaniv Kleitman|
|Publication Date||Feb 2014|
|Pages||54 - 56|
When a company is placed in liquidation, a number of the ordinary principles of our law of obligations (in particular, contract) are, to some extent, turned on their heads. A liquidator steps in and has a duty to recover all amounts owing to the company and to sell its assets for the benefit of the creditors.
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