Business Rescue Practitioners' Powers to Suspend a Company's Contractual Obligations

Business Rescue Practitioners' Powers to Suspend a Company's Contractual Obligations

Cliffe Dekker Hofmeyr

Chapter 6 of Companies Act 71 of 2008 (Companies Act) confers various powers on business rescue practitioners (BRPs) once they have assumed their responsibilities to restructure the affairs of a company that has been placed under business rescue. This is achieved through the temporary supervision of the company and the management of its affairs, business and property, by the BRP.

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