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The impact of business rescue proceedings on the rights of creditors

Mini Dissertation (LLM)--University of Pretoria, 2018.

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Other Authors: Joubert, E.P.
Format: Thesis
Language:English
Published: University of Pretoria 2019
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access_status_str Open Access
author2 Joubert, E.P.
author_browse Joubert, E.P.
author_facet Joubert, E.P.
collection Thesis
dc_rights_str_mv © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (LLM)--University of Pretoria, 2018.
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institution University of Pretoria (South Africa)
language English
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license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2019
publishDateRange 2019
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publisher University of Pretoria
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spelling oai:repository.up.ac.za:2263/70001 The impact of business rescue proceedings on the rights of creditors Joubert, E.P. u18099981@tuks.co.za Seunane, William UCTD Mini Dissertation (LLM)--University of Pretoria, 2018. The South African Companies Act of 2008 introduced business rescue in Chapter 6 of the Companies Act 71 of 2008. In terms of section 7 (k) of the Companies Act 71 of 2008, business rescue proceedings should provide for the efficient rescue and recovery of financially distressed companies in a manner that balances the rights and interest of all affected persons, inter alia, the creditors, employees, and shareholders. This dissertation will focus on the impact of business rescue proceedings on the rights and interests of creditors as one of the affected persons during the proceedings. The dissertation will analyse whether the rights of the creditors are adequately protected and if so, to what extent are they protected. The research paper will further consider the impact of the moratorium on the rights of creditors. Generally, during business rescue proceedings, all legal proceedings against the company are prohibited by the general moratorium and this includes claims by creditors. Last but not least, the business rescue regime in the international jurisdictions such as the United Kingdom and Australia will be explored in comparison with the South African law. The reason behind the choice of the above-mentioned jurisdictions is that they both share commonwealth heritage strategy with South Africa and they have existing business rescue regimes with objects almost similar to the South African regime. Mercantile Law LLM Unrestricted 2019-06-02T11:39:43Z 2019-06-02T11:39:43Z 2019/04/04 2018 Mini Dissertation Seunane, W 2018, The impact of business rescue proceedings on the rights of creditors, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/70001> A2019 http://hdl.handle.net/2263/70001 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
The impact of business rescue proceedings on the rights of creditors
title The impact of business rescue proceedings on the rights of creditors
title_full The impact of business rescue proceedings on the rights of creditors
title_fullStr The impact of business rescue proceedings on the rights of creditors
title_full_unstemmed The impact of business rescue proceedings on the rights of creditors
title_short The impact of business rescue proceedings on the rights of creditors
title_sort impact of business rescue proceedings on the rights of creditors
topic UCTD
url http://hdl.handle.net/2263/70001