Results for Business rescue law being abused

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Business rescue process: Don't disregard the rights of employees
Business rescue process: Don't disregard the rights of employeesArticle

Companies in business rescue have plenty of worries to preoccupy them but legal challenges over retrenchments are not usually at the top of the list...

Rosalind Davey, Chloƫ Loubser and Nikita Reddy 8 Apr 2021

Will the Labour Court enforce an employee claim against a company in business rescue?
Will the Labour Court enforce an employee claim against a company in business rescue?Article

The Labour Court recently ruled on whether employees may approach said court to enforce a claim against a company under business rescue proceedings...

Jacques van Wyk 1 Aug 2019

Business rescue law being abused, say creditorsArticle

Business Live reports that, according to a commercial lawyer, many creditor financial institutions believe business rescue applications are being abused. The number of applications by companies that are financially distressed for business rescue has increased since the implementation of the New Companies Act in May.

18 Nov 2011

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