Compromise and arrangement between a company and its creditors and/or members in terms of Section 311 of the Companies Act no. 61 of 1973, as amended

The need often arises for a company to negotiate an agreement with its members and/or creditors, in order to modify an existing set of circumstances affecting the interests of the parties to the agreement (1). In certain circumstances the situation arises where due to large numbers involved, or unwi...

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