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ESSENTIALS OF BUSINESS RESCUE:

ESSENTIALS OF BUSINESS RESCUE: Going under business rescue is proving to be an increasingly attractive option for South African companies that are in financial distress since the advent of Chapter 6 of the Companies Act, 71 of 2008 (“the Act”). www.uysincorp.co.za INTRODUCTION Is the preference to proceed into a business rescue process an indication of […]

Masters Office – Lost Trust Deeds

Missing trust files disappeared a long time ago The mystery of the 45 000 trust files destroyed at the Master’s Office in Pretoria deepens with each parliamentary answer, according to Rapport. In the latest response to a question from Wouter Wessels (FF Plus), Justice Minister Ronald Lamola revealed the files were apparently destroyed as far […]

THE PROCESS OF NON-VOLUNTARY LIQUIDATION

The process of Involuntary Liquidation Section 81 of the Act outlines the procedure that should be followed when a company is wound up based on an application by a creditor of the company.  This section provides for a variety of instances when an application can be used to wind up a company. The most contentious […]