Business Rescue

Business Rescue

Practice Areas

Business Rescue

Chapter 6 of the 2008 Companies Act introduced Business Rescue as a viable alternative to liquidation for companies and close corporations in financial distress or that trade in insolvent circumstances (i.e. assets exceed liabilities and/or the business is unable to pay its debts as and when they become due in the ordinary course of business).

This remedy provides companies and close corporations with an opportunity to both save and restructure the business before it is forced to liquidate.

We offer services relating to Business Rescue, including advising clients on their options and alternatives, facilitating and initiating the procedure for business rescue, appointing an experienced business rescue practitioner and other related services.