Corporate Lawyer and CEO Adriaan Smuts says in order for SAA to have a successful turnaround the company needs to be ready to make drastic changes to its structure. Luckily for Employees, in business rescue all labour relations and regulations remain in place. So the practitioner cannot unilaterally fire anyone. They will need to
In this video Adriaan Smuts, CEO of Business Rescue Exchange, explains why Business Rescue can be an effective alternative for businesses in financial distress.
In this video, we tackle the myth that Business Rescue is just for the owners of the business. There are many stakeholders in a business and Business Rescue aims to save the business by balancing their rights and interests. Watch as Adriaan Smuts, CEO of Business Rescue Exchange, unpacks this topic
Section 133 of the Companies Act No. 71 of 2008 (“the Act”) provides for a general moratorium on legal proceedings against the company in business rescue. The protection of the moratorium afforded to the company often results in creditors looking to the surety for settlement of the company’s debt.
How does Business Rescue impact employees, creditors, owners etc? In studio with Garry and team is Adriaan Smuts CA (SA) and Advocate of the High Court of South Africa, along with Caitlin Gottschalk (Bcom LLB), discussing Business Rescue in practical terms. This show is presented in collaboration with LegalTalkSA. http://cliffcentral.com/the-laws-of-life/laws-of-life-business-rescue-is-it-a-better-alternative-to-liquidation/
Section 133 of the Companies Act 71 of 2008 (“the Act”) makes provision for a moratorium on legal proceedings and enforcement action against a company, or in relation to any property belonging to a company, or lawfully in its possession, being commenced or proceeded with in any forum, during business rescue proceedings, save for certain
What defines a business that is in Financial Distress and what options can one look at in keeping the business going? https://www.youtube.com/watch?v=Eghch_MqCLA
Adriaan Smuts, CEO of Business Rescue Exchange, explains the concepts of business rescue and how this applies to a business in distress https://www.youtube.com/watch?v=e7vA5CMvFSQ
In this video, Adriaan Smuts, CEO of BRX, discusses the perception that Business Rescue is an expensive option in saving a business in distress
Adriaan Smuts, CEO of BRX, breaks down the costs of using Business Rescue.