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Below are the latest articles on Insolvency/Bankruptcy, Re-structuring from Middle East & Africa Briefing. Different topic options are on the left; different regional options are at the top of the page. Alternatively you can search our database for articles by date, topic, firm, country, author, free text, etc.

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Top 10 Insolvency/Bankruptcy, Re-structuring Headlines from Middle East & Africa

Another important judgement for Business Rescue was handed down in the North Gauteng High Court by his Honorable Justice Legodi in the matter of P T van Staden v Angel Ozone Products CC (In Liquidation) & others on the 12th of October 2012.
Since the date of inception of the new Companies Act 71 of 2008, as amended (Act) (1 May 2011), we have seen numerous and informative judgments handed down by our High Courts in the various provinces dealing with business rescue proceedings.
ENS acted on behalf of Investec Bank Limited in an applicationfor summary judgment against a defendant where the defendant hadstood surety for the debts of certain companies.
The new Companies Act No. 71 of 2008, as amended (new CompaniesAct) provides an opportunity for companies that are trading under financially distressed circumstances.
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