Insolvency & Business Rescue

June 5, 2018

When not to institute Liquidation proceedings when a debt is due…

Liquidation proceedings are usually, and should as rule be, instituted when a debtor company is unable to pay its debts as they become due. However, liquidation […]
June 5, 2018

Piercing the corporate veil: when directors can be held responsible for losses

One of the oldest and most well-established principles of South African corporate law, and throughout the world, is that of separate juristic personality. In essence, the […]
October 5, 2016

Business rescue – in a nutshell

Business rescue proceedings are defined by the Companies Act 71 of 2008 as proceedings to facilitate the rehabilitation of a company that is financially distressed, i.e. […]
July 28, 2015

THE SEQUESTRATION PROCESS

The sequestration process involves a Court Application. The Applicant will be either yourself, in the event of voluntary surrender, or one of your creditors (either a friendly […]