n Business Tax and Company Law Quarterly - Business rescues - Panacea or poison pill?

Volume 1, Issue 3
  • ISSN : 2219-1585


The new business-rescue regime is set to change the corporate landscape significantly. It is intended to achieve a better outcome for all creditors by re-balancing certain rights (for example the right to call up security) in the hope that either the business in question can be saved or that a greater dividend can be achieved on liquidation. This article discusses the reasons for the introduction of the business-rescue regime, and deals briefly with the workings of a business rescue.

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