n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - The role of shareholders during corporate rescue proceedings : always on the outside looking in?

Volume 20, Issue 3
  • ISSN : 1015-0099
  • E-ISSN: 1996-2185



When a company is wound up for reasons of insolvency, it is obvious that there will be no funds left to compensate, even partly, its ordinary shareholders for the loss of their invested funds. One can therefore argue that it would be a waste of time, effort and money to involve these shareholders in the winding-up process, because their interest in the company has, in almost all cases, become a purely academic or theoretical one.

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