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Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008

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dc.contributor.advisor Nwafor, A.
dc.contributor.advisor Selala, K. J.
dc.contributor.author Mpofu, Kudzai
dc.date 2017
dc.date.accessioned 2018-05-22T07:52:12Z
dc.date.available 2018-05-22T07:52:12Z
dc.date.issued 2018-05-18
dc.identifier.uri http://hdl.handle.net/11602/1065
dc.description LLM
dc.description Department of Mercantile Law
dc.description.abstract Business rescue provisions are meant to assist a financially distressed company. It seems that the success of business rescue rests on three factors, namely a competent business rescue practitioner and a practicable business rescue plan; the consent and cooperation of shareholders and creditors. However, academics and case law point out concerns as to the regulation of the aforementioned essential ingredients. The purpose of this study is to ascertain the level of the efficacy of the Companies Act provisions on business rescue as contained in Chapter 6. The researcher compares the current business rescue regime and the previous judicial management procedure to find out how the current regime can be improved. Since the business rescue regime was adopted from other jurisdictions the researcher also compares the practices in some of those jurisdictions with that of South Africa to establish the goals and expectations of business rescue in modern corporate operations. en_US
dc.description.sponsorship NRF en_US
dc.format.extent 1 online resource (xv, 119 leaves)
dc.language.iso en en_US
dc.rights University of Venda
dc.subject Business rescue en_US
dc.subject Judicial management en_US
dc.subject Finally distressed company en_US
dc.subject Rehabilitation en_US
dc.subject Going concern en_US
dc.subject Affected persons en_US
dc.subject.ddc 346.06668
dc.subject.lcsh Business -- South Africa
dc.subject.lcsh Business -- Law and legislation -- South Africa
dc.title Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008 en_US
dc.type Dissertation en_US

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