Compromise under the Companies Act of 2008 - The Drawbacks

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Compromise is a process whereby provisions are made for the restructuring of the company’s affairs without the appointment of a Practitioner, whether it is financially distressed or not. This contrasts with business rescue which is implemented when the company is financially distressed.

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Posted by Cor van Deventer on Monday, February 15, 2021 Views: 3

 

The Advantage of Creditors Requirement in Sequestration Proceedings

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The procedure of sequestration can be expensive and should only be followed if cost effective to do so. One needs comprehensive legal guidance and assistance to weigh options available.

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Posted by Cor van Deventer on Thursday, February 11, 2021 Views: 4