n Without Prejudice - Evolving business rescue : company law

Abstract

Chapter 6 of the Companies Act (71 of 2008), dealing with business rescue, has featured prominently in case law since the commencement of the Companies Act on May 1 2011. What has been interesting to observe is how the themes have evolved in the business rescue case law, which is arguably reflective of the market's acceptance and utilisation of this new legal mechanism for rescuing financially distressed companies.