Here is the scenario, you render services for company X, company X receives the service and makes payment. Happy days, the business has some money in the bank and now

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“The rescue of a business preserves jobs, provides creditors with a greater return based on higher going concern values of the enterprise, potentially produces a return for owners and obtains

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A fiduciary duty is an obligation to act in the best interest of another party. For example, a company’s board member has a fiduciary duty to the company’s shareholders, a trustee has a fiduciary duty to the trust’s beneficiaries,

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The National Credit Amendment Bill (the Bill) is set to become law after President Ramaphosa signed the Bill into our legislation in August 2019. The Bill reiterates the purpose of the National Credit Act namely, to promote and advance the social and economic welfare of South Africans;

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What is business rescue? Business Rescue was introduced to South Africa through the Companies Act in 2008. It was aimed at finding a solution for companies in financial distress, returning

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Business Rescue proceedings? Surely, I’m covered with a surety! You have rendered efficient services to a company (“the company”) and now it’s time to send an invoice for your services.

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