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Joint Chief Executive OfficerColin StrimeJoint Chief Executive Officer & Director: Business Rescue & Insolvency, LitigationTel: +27 11 328 1843 | Email: cstrime@fluxmans.com
Expertise
Business rescue | Commercial litigation | High Court litigation | Insolvency interrogations | Insolvency law
Biography
Colin has been lauded in various reputable publications including Chambers and Partners, which lists globally renowned lawyers and law firms and which notes that he “is a highly regarded lawyer with a particularly notable reputation for his contentious work in the restructuring and insolvency field” and that his peers recognise him as a “a first-class insolvency litigator”.
Colin is one of South Africa's leading insolvency, business rescue and litigation attorneys with extensive experience in corporate and commercial-related litigation, High Court litigation and insolvency and insolvency-related law, including inquiries and interrogations, business restructuring and turnaround. Colin has managed, from start to finish, a number of high profile business rescues in the banking, retail, steel and mining sectors.
He offers cross-border expertise to a wide range of clients, including but not limited to, listed groups, banks, liquidators/trustees, aggrieved creditors in insolvency matters and the South African Revenue Service (SARS).
In addition to his active practice, he is frequently interviewed on air and in print publications and has regular articles published in leading magazines and newspapers.
Colin presided from 1993 to 2001 as a Commissioner in the Small Claims Court in the magisterial districts of both Johannesburg and Randburg.
He was also, for approximately 13 years, the South African representative of Bank Leumi Le Israel, a foreign international bank which had a presence in the Republic of South Africa. He held this position until it surrendered its South African licence.
In 2003 Colin merged his practice of Kallmeyer & Strime with Fluxmans Inc. Since then he has headed the Fluxmans division and thereafter on the promulgation of the new Companies Act, its business rescue division. He was appointed Joint CEO of Fluxmans in 2020.
Colin obtained his B.Proc. degree at the University of the Witwatersrand in 1979 where he was awarded the Law Society Prize by the Faculty of Law for 'the most outstanding student enrolled for the degree of B.Proc. each year’ in each of the Universities of the Transvaal.
Professional Memberships
SARIPA (South African Restructuring and Insolvency Practitioners) - Vice Chair of the SARIPA Gauteng Region
INSOL International
TMA (Turnaround Management Association)
Awards
Head of Fluxmans team to the Phumelela – Dealmakers Business Rescue Transaction of the Year Award 2021
Best Lawyers 2021 - Lawyer of the Year 2021
Chambers & Partners 2020 – Restructuring/Insolvency, Dispute Resolution
Best Lawyers 2020 - Insolvency and Reorganization Law, Litigation
Expert Guides –Banking Finance and Transactional Law – in the Insolvency Expert Listings
Colin has been involved in many high profile insolvencies, insolvency interrogations and business rescues. He has been attorney of record to, inter alia, the following Business Rescues:
- B & J Meltz (Pty) Ltd (retail clothing chain)
- Look & Listen Group (Pty) Ltd (retain chain)
- Mapochs Mine (Pty) Ltd (vanadium mine)
- Umnotho Wesizwe Resources (Pty) Ltd (chrome mine)
- Total Client Services Limited (a Stock Exchange listed company)
- African Bank Investments Limited (a Stock Exchange listed bank assurance company)
- Stuttafords International Fashion Company (Pty) Ltd
- PQ Clothing Outlet (41 retail clothing outlets)
- Besaans (Pty) Ltd
- Steeledale (Pty) Ltd
- Kleinfontein Colliery (Pty) Ltd (coal mine)
- Dark Rock (Pty) Ltd (a coal mining sales and distribution company)
- Phumelela Gaming & Leisure Limited (a sports betting and horse racing company listed on the Johannesburg Securities Exchange)
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