Business rescue

Unpacking the business rescue procedure: The importance of a cost-effective solution

By Claudious Nhemwa The Insolvency Act [Chapter 6:07] (the Act) introduced to Zimbabwean corporate law, a novelty in the form of corporate rescue (Metallon Gold Zimbabwe (Pvt) Ltd and Others […]

Read more

Business rescue aimed at facilitating the rehabilitation of financially ailing companies

Rey NO and Another v Adowa Student Accommodation Co-Ownership and Others (GJ) (unreported case no 2022/26787, 3-4-2023) (Dosio J) Chapter 6 of the Companies Act 71 of 2008 (the Act) […]

Read more

Should a general moratorium during business rescue be extended to dismissals for operational requirements?

      Chapter 6 of the Companies Act 71 of 2008 (the Act), provides a tool for financially distressed companies in the form of ‘business rescue’. Business rescue proceedings […]

Read more

Same but different: The two ways to initiate business rescue proceedings

Mango Pilots Association and Others v Mango Airlines SOC Limited (GJ) (unreported 21/35958, 10-8-2021) (Antonie AJ) The most often necessary step of placing the company under supervision and commencing business […]

Read more