1887

n Without Prejudice - The problem of compelling shareholders to approve business rescue plans

Volume 14, Issue 4
  • ISSN : 1681-178X
USD

 

Abstract

With the recent conflicting decisions handed down in 2013 (6) SA 471 and 2014 (1) SA 103, the courts have adopted a varied approach regarding whether or not, in pursuing a business rescue plan, the creditors and/or shareholders who vote against prospective business plans can be compelled to accept the plan on the basis that the creditors' voting interests are acquired through a binding offer.

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/content/jb_prej/14/4/EJC154717
2014-05-01
2017-02-25

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