GIBS corporate renewal/business turnaround
The restructuring of companies in financial distress in South Africa is on the increase. However, business rescue is relatively new here. What are the best practices, standards, impactful transactions and lessons learnt for stakeholders within the constraints of the structure and regulations?
Presentations include:
•New paradigm and navigating the business rescue industry
•Role of CIPC - updated, challenges and remedies
•Business rescue performance determinants
•Business rescue practitioners fiduciary responsibilities - ethics and code of conduct
•Business rescue judgement and application of ethics
•Chapter six as 'one size fits all' procedure - is this effective for SMEs?
•Restructuring and insolvency
•Is business rescue the new M&A? Challenges, options and opportunities for distressed funds in SA?
•Business rescue from a finance institution perspective: what elements contribute towards successful engagement
•Outlook and prediction on industries - which will soar, which will not
•Case study - from TopTV to StarSat
•Case study - Evraz Highveld Steel and Vanadium
Best practices, discussions and dialogue on:
•Remuneration of BRPs
•Role and value of creditor's committees
•Duties of directors during the business rescue process
•Practitioner independence
•Role of state owned entities
•Reasonable prospect of companies' recovery and survival
•Turnaround rather than rescue
•From business rescue to liquidation
•Banks' right of cancellation of bank facility
•Post-commencement financing and the ranking of claims
•SARS and post commencement charges
Time: 08:30 - 16:00
Venue: GIBS campus, Johannesburg
More info:
26 Melville Road, Illovo, Sandton