Delinquent Directors and Directors on Probation
Introduction An application may be made to the court to declare a director delinquent or to be placed under an order or probation. A wide range of persons may apply to a court for the above order; these range from a company, a shareholder, a director, a company...
Director and Successor Liability in Company Liquidation
Introduction Company liquidation can be a complex process, involving settling debts and distributing assets to stakeholders. During this process, questions often arise regarding the liability of directors and the potential responsibilities of a new company formed...
Sureties in or out of the NCA? Why does it matter?
Introduction Credit transactions and lending agreements often involve a third party (the surety) who guarantees the performance of another party’s obligations (the principal debtor) towards a creditor. While surety agreements can provide financial security and...
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