Our Business Rescue & Insolvency experts enjoy a strong reputation in all industries and all business sectors for delivering practical and appropriate insolvency and business rescue services to clients across South Africa and several African countries. Our clients in this department include leading South African banks, the South African Revenue Services (SARS), companies listed on the JSE Securities Exchange, trustees, liquidators, business rescue practitioners, creditors, funders and the like. 

Our Business Rescue & Insolvency Solutions

We have extensive experience and knowledge of the Insolvency Act and business rescue in South Africa. This enables us to offer a wide range of solutions.

Business Rescue

We follow an effective business rescue process aimed to facilitate the rehabilitation of a company that is in financial distress.

• We specialise in guiding and advising financially distressed companies, their boards of directors and individual directors, public officers, senior management, and members of board committees
• We conduct informal workshops and formal business turn arounds and reconstructions, creditors offers of compromise and schemes of arrangement
• We conduct viability assessments
• We handle and advise on all business rescue legal requirements including litigation, applying for and opposing business rescue proceedings, acting for “affected parties”, advising affected parties and business rescue practitioners, formulation and preparation of Business Rescue Plans; applying for regulatory approvals (Competition Commission and Take Over Regulation Panel)
• We handle and conduct:
  • Applications and actions for enforcement of securities. We also defend and oppose such applications and actions
  • Constitutional litigation from a business rescue perspective
  • Corporate restructurings
  • Insolvency due diligence exercises
  • Schemes of arrangement
• We advise creditors and creditor committees and employees, employee committees and trade unions
• We deal with all aspects of financial risk management

Require business rescue services? We can assist.  Talk To Our Team

Insolvency

We have a team of insolvency practitioners who are licensed and authorised to act in relation to insolvent companies or individuals. 

• We specialise in guiding and advising financially distressed companies and individuals
• Actions by and against directors, officers of companies, senior management, and members of committees
• We advise boards of directors, individual directors and members of various board committees
• Compulsory sequestration applications and voluntary liquidations
• Shareholder and shareholder/creditor voluntary winding-up resolutions and applications 
• Compulsory winding up applications
• Insolvency interrogations in terms of both the Insolvency Act and the Companies Act
• We manage and conduct all aspects of insolvency litigation including the setting aside of impeachable transactions, collusive dealings, and rendering directors and third parties personally liable for debts of the company for reckless trading and fraudulent conduct
• We also manage and conduct all commercial and technical insolvency related litigation
• We defend directors, company officers and senior management against all claims brought against them

Require advice or assistance with insolvency matters? We can assist.  Talk To Our Team