Business rescue discussed
Werksmans Attorneys held a Business Rescue Seminar on 14 March in Johannesburg.
Date:
April 11, 2019
Category:
Corporate and Business Law
Conclusion
Mr van den Steen said with regards to the pre-assessment stage when a company is going through business rescue, it would be an absolute luxury that one would find a board that can see trouble on the horizon and understand that they are responsible to act in the best interest of the company. He added that to have a pre-assessment is a good idea and it can sometimes lead to a framework of what the plan of action is if a company goes through business rescue.
By Kgomotso Ramotsho
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