n Without Prejudice - Costs of business rescue : company law
|Article Title||Costs of business rescue : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Oct 2014|
|Pages||23 - 24|
Business rescue practitioners often experience difficulties in deciding what costs can be paid by the company in business rescue and in respect of what services. In many cases the practitioner inherits a financial disaster, where proper records have not been kept. Pre-existing management has often resigned or is not co-operative or is unavailable. In short, practitioners are, commonly faced with a company with either no or dysfunctional management and unreliable or incomplete information.
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