"Imagine Your Success"
The Companies Act is very clear about the obligations to consider a potential Business Rescue for their Company by the Directors. What does the Companies Act say? Section 128(1)(f) of the Companies Act defines “financially distressed” as follows: (i) it...Continue reading
Millions of words and numerous articles have been written about the Business Rescue Process. Not much has been written about the practical positives and negatives. Once a Business Rescue Practitioner is appointed, he/she/they have to do everything possible to rescue...Continue reading
A Business Rescue Practitioner (BRP) fulfils a few roles within a business he has been mandated to save. Although these are not all governed by law, they are the skills needed to ensure you can properly save the company which...Continue reading
Business Rescue proceedings are incorporated into the new Companies Act of 2008 and have two goals as defined in the act. The first goal is to rescue the company so that it can continue in existence. If this is not possible,...Continue reading