Introduction Under insolvency practice it is common to find a company under either corporate rescue proceedings or in liquidation, in terms of the Insolvency Act (Chapter 6:07) or “the Act”).
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Introduction Many times it happens that at the time a person dies he or she owns shares in a company. At times the shares owned are quite significant. The deceased
Introduction There are many ways individuals can hold properties that they buy. Some of the ways include: Reasons for using a company to register an immovable property There are many
Introduction I have received many inquiries on how a vacancy on a company’s board of directors may be filled in the event of the death of a director. I explain
Introduction In last week’s article titled “Negotiating low purchase price in mergers, acquisitions” I shared some ideas on how a prospective investor or purchaser of a business or shares can
Introduction Many times I have been asked by clients to draft agreements for the sale or acquisition of shares. In many such instances by the time the parties to the
Introduction Further to the previous articles I have written on due diligence when buying immovable properties this one focusses on due diligence when buying a property registered in the name
Introduction After my article of Thursday 19 May 2022 titled “Application for corporate rescue proceedings by employees” I got many inquiries. I was requested to explain when shareholders can cause
Introduction This article gives insights into how employees of a company can cause their employer to be placed under corporate rescue proceedings. Voluntary versus involuntary corporate rescue proceedings As I
Introduction The Insolvency Act (Chapter 6:07), or the Act provides for a compromise between a company and its creditors. Such a compromise provides financial relief to the company. Compromise provided
