n Without Prejudice - G&A Compass Methodology to , K.L. Gribnitz and R.L. Appelbaum : company law book review

Volume 15, Issue 6
  • ISSN : 1681-178X



The business rescue provisions contained in Chapter 6 of the new Companies Act, 2008 have turned out to be by far the most featured and litigated provisions under this statute since it came into force in May 2011. Whether this is a positive or negative sign probably depends on how one looks at it. On the one hand it appears that business rescue is being resorted to as a real and practical alternative to liquidation for financially distressed companies but, on the other one questions the extent to which the frequent use of business rescue is a symptom of economic factors of the times.

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