business rescue - SchoemanLaw Inc

Business Rescue Bailout in South Africa

by Celesté Snyders | Aug 2, 2022 | Commercial law, Publications

South Africa is still recovering from the Covid-19 pandemic, the looting and the most recent floods in KwaZulu Natal. So, how will South Africa’s economy recover, if ever? The pandemic and all the other “crises” have left businesses in significant...

Ways in which businesses can approach the uncertainty of different majorities required in order to amend a business rescue plan (‘BRP), or to adjourn a meeting concerning a BRP:

by Leigh-Anne Kriel | Jan 15, 2021 | Commercial law, Publications

Section 151 of the Companies Act 71 of 2008 requires a business rescue practitioner to convene and preside over a meeting of creditors within 10 days after publication of the proposed BRP – in order to adequately consider the BRP. However, the Companies Act then...

What is business rescue?

by Guest Author | Aug 17, 2019 | Commercial law, Publications, Registration and Administration of Companies

Introduction As businesses frequently encounter more and more financial difficulties, business rescue has become an increasingly more frequent occurrence. However, it is essential to understand the nature of business rescue and the implications thereof. This article...

Lease agreements and the limitations of the moratorium on obligations in business rescue proceedings

by Nicolene Schoeman-Louw | Apr 18, 2017 | Civil Litigation and Alternative Dispute Resolution, Commercial law, Publications

The Companies Act 71 of 2008 (“the Act”), as amended, introduced a new process in the stead of its predecessor, known as judicial management. It is a fairly new addition to our law and therefore still largely misunderstood, as a result, the courts play an important...

Business Rescue Bailout in South Africa

Ways in which businesses can approach the uncertainty of different majorities required in order to amend a business rescue plan (‘BRP), or to adjourn a meeting concerning a BRP:

What is business rescue?

Lease agreements and the limitations of the moratorium on obligations in business rescue proceedings

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