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Supreme Court clarifies concept of binding offer in business rescue

There have been a myriad of decisions on business rescue proceedings since the inception of the new Companies Act 71 of 2008. More recently, our courts have considered section 153(1)(b)(ii) of the Act which introduces the concept of a 'binding offer'.

By Nastascha van Vuuren and Reneilwe Maleka 5 Oct 2015 13:27