- Business rescue: Don’t fall short by not following the procedure0.44 MB
Business Rescue is gaining traction in South Africa and as more companies use this option as provided for by the Companies Act 71 of 2008 (the “Act”) , development of the law emerges as courts consider matters concerning business rescue. This article examines the recent case of DH Brother Industries (Pty) Ltd v Gribnitz NO and Others and considers the procedural requirements under section 129 of the Act and the application of objections to company resolutions under section 130 of the Act.
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Written and prepared by Kirith P. Haria
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