Business Rescue - Is It Possible?

Business Rescue - Is It Possible?

Cliffe Dekker Hofmeyr

The High Court found that Tongaat Hulett still had to honour its obligations to the South African Sugar Association. One of the BRPs’ powers is the ability to entirely, partially or conditionally suspend, for the duration of the proceedings, “any obligations” of the company that arise under an agreement to which the company was a party at the commencement of business rescue that otherwise become due and payable during those proceedings.

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