Has Your Claim Prescribed? Not Necessarily…
The recent judgment by the Supreme Court of Appeal in KLD Residential CC v Empire Earth Investments 17 (Pty) Ltd (2017) 3 All SA 739 (SCA) has stirred the proverbial pot with regards to the accepted principles of “without prejudice” correspondence in relation to prescription matters. It is an accepted principle of South African law […]
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. a company which is unlikely to pay its debt as it becomes due within the immediate ensuing six months, or a company that is likely to become insolvent within […]