business rescue
COVID-19 and Business Rescue: Where to start?
The lockdown and subsequent alert level restrictions brought on by by the covid-19 pandemic and Minister of Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini Zuma’s regulations in terms of Section 27(2) of the Disaster Management Act, hindered and restrained the trading and operation of business entities across South Africa. While the regulations have been more...
Suretyships and Business Rescue
When considering whether to place your company under business rescue, the question often arises as to whether parties who have bound themselves as sureties in respect of the company’s debt, are safe from action by the creditors. Our courts recently dealt with this in Tuning Fork (Pty) Ltd t/a Balanced Audio v Greef and another more...