Business Rescue

SAA under Business Rescue – Interview on News Room Africa

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

SAA under Business Rescue – Interview on News Room Africa 2020-01-23T22:40:18+00:00

Business Rescue Myths – Business Rescue is only for owners

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

Business Rescue Myths – Business Rescue is only for owners 2019-02-21T14:24:18+00:00

The Surety’s Responsibility in Business Rescue

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.

The Surety’s Responsibility in Business Rescue 2018-09-17T17:55:18+00:00

Cliff Central – Business Rescue: Is it a better alternative to Liquidation?

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/

Cliff Central – Business Rescue: Is it a better alternative to Liquidation? 2018-09-12T18:27:54+00:00

Reclaiming the Landlord’s power in Business Rescue

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

Reclaiming the Landlord’s power in Business Rescue 2018-09-12T18:30:27+00:00

Business Rescue – What is Financial Distress?

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

Business Rescue – What is Financial Distress? 2018-09-12T18:31:09+00:00