Nwafor, A.Selala, K. J.Mpofu, Kudzai2018-05-222018-05-222018-05-18Mpofu, K. 2018. Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008. . . http://hdl.handle.net/11602/1065http://hdl.handle.net/11602/1065LLMDepartment of Mercantile LawBusiness 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.1 online resource (xv, 119 leaves)enUniversity of VendaBusiness rescueUCTDJudicial managementFinally distressed companyRehabilitationGoing concernAffected persons346.06668Business -- South AfricaBusiness -- Law and legislation -- South AfricaDissertationMpofu K. Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008. []. , 2018 [cited yyyy month dd]. Available from: http://hdl.handle.net/11602/1065Mpofu, K. (2018). <i>Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008</i>. (). . Retrieved from http://hdl.handle.net/11602/1065Mpofu, Kudzai. <i>"Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008."</i> ., , 2018. http://hdl.handle.net/11602/1065TY - Dissertation AU - Mpofu, Kudzai AB - 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. DA - 2018-05-18 DB - ResearchSpace DP - Univen KW - Business rescue KW - Judicial management KW - Finally distressed company KW - Rehabilitation KW - Going concern KW - Affected persons LK - https://univendspace.univen.ac.za PY - 2018 T1 - Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008 TI - Exploring the novel concept of business rescue under the South African Companies Act 71 of 2008 UR - http://hdl.handle.net/11602/1065 ER -