How Business Rescue affects employer and employee

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Business rescue has gained momentum as an alternative to liquidation since its introduction in 2011 through section 6 of The Companies Act. A principal difference between the two is that, while under the supervision of the business rescue practitioner, the company continues to trade, so that employees don’t automatically loss their jobs as they would…

Landlords Need to Prepare for Business Rescue

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“Landlords should make certain that they are prepared for and consider the consequences of a business rescue before being advised that their tenant has entered the process”. That’s according to Justin Gordon, business rescue practitioner at Hobbs Sinclair. Business rescue was introduced as an alternative to liquidation via Section 6 of The Companies Act in…