Feb 25, 2025 | Insolvency / Liquidation
Section 129(2)(a) of the Companies Act stipulates that a company may not adopt a resolution to commence business rescue if liquidation proceedings have been “initiated” against the company. This raises the question: When exactly are liquidation proceedings...
Mar 11, 2024 | General Interest, Insolvency / Liquidation
In the confusion of an election year, directors are warned to ensure that, even during these difficult times, their actions are always in the best interest of the company. In this article, we’ll look at the principles within South African company law that regulate the...
Mar 6, 2024 | General Interest, Insolvency / Liquidation
“MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from the MTI judgment) Recent...
