standard-title Business Rescue

Business Rescue

The relevant legislation pertaining to Business Rescue Proceedings is contained in Chapter six of the Companies, Act No 71of 2008, the Companies Amendment Act No 3 of 2011 and the Regulations.

The purposes of the Act is to provide for the efficient rescue and recovery of financially distressed companies, in a manner that balances the rights and interests of all relevant stakeholders.

We can assist you in Business Rescue proceedings by consulting with you and giving you advice on whether your business is compliant under the Act for business rescue proceedings.

We can also refer you to a Business Rescue Practitioner that is crucial in devising a coherent plan that creditors can agree to.