Insolvency and Business Rescue

The Fluxmans Insolvency and Business Rescue department offers a full spectrum of services to those involved in insolvencies and business rescue. Our clients include leading South African banks, the South African Revenue Services, companies listed on the JSE Securities Exchange, trustees, liquidators, business rescue practitioners and senior debt creditors.

Our services include:

Insolvency

  • Voluntary and compulsory sequestration applications
  • Shareholder and creditor voluntary winding up applications
  • Compulsory winding up applications
  • Insolvency interrogations
  • Fraud investigations and setting aside of impeachable transactions
  • All insolvency related litigation
  • Actions by and against directors and officers of companies

Business Rescue

  • Informal workout and formal business turn around and reconstructions, creditors offers of compromise and schemes of arrangement
  • All business rescue legal requirements including litigation, applying for, 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).

Successful Business Rescues

  • African Bank Investments Limited (Stock Exchange listed company)
  • B & J Meltz (Pty) Ltd (retail clothing chain)
  • Look & Listen Group (Pty) Ltd (retail chain)
  • Mapochs Mine (Pty) Ltd (vanadium mine)
  • Total Client Services Limited (Stock Exchange listed company)
  • Umnotho Wesizwe Resources (Pty) Ltd (chrome mine)

Current High Profile Business Rescue

  • Stuttafords International Fashion Company (Pty) Ltd

 

SPECIALISTS

DIRECTORS
Alex Peral +27 11 328 1700
Buhle Duma +27 11 328 1700
Charles Shapiro +27 11 328 1700
Colin Jeffrey Strime +27 11 328 1700
Eric Geoffrey Migdal +27 11 328 1700
Ian Shapiro +27 11 328 1700
Justine Michel +27 11 328 1807
Kevin Van Huyssteen +27 11 328 1730
Lionel dos Passos +27 11 328 1801
Ryszard Lisinski +27 11 328 1700
Saul Aryeh Shoot +27 11 328 1700
Trevor Simon +27 11 328 1700
ASSOCIATE
Galia Bloch +27 11 328 9321