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Recession and the legal impact it poses on businesses !

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Recession and the legal impact it poses on businesses ! South Africa has moved from the unprecedented experience of Covid-19 which devastatingly impacted the economy and various industries, to having a load-shedding crisis and constantly increasing petrol prices. Economists, investors, businesses and consumers alike have been questioning whether we are heading for a recession. A […]

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LABOUR DISPUTES VS COMPANY IN LIQUIDATION

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LABOUR DISPUTES VS COMPANY IN LIQUIDATION Whether employees who have lodged a claim in the Labour Court against an employer that has gone into liquidation may proceed with their claim if they have not provided the liquidator with the requisite notice as required by South Africa’s company laws?   SUMMARY It is a peremptory requirement […]

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Business Rescue ( A brief summary )

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  COVID-19 has had disastrous consequences on businesses globally, with many being left in significant financial distress. Chapter 6 of the Companies Act No 71 of 2008 introduced a remedy for businesses when in financial distress before placing a company into liquidation. This remedy is known as business rescue proceedings.  What is business rescue?  By implementing […]