Business Rescue Increases Amongst SMEs and Corporates

            CNA is the latest in a string of high profile brands that have gone, or are considering going into business rescue, following in the footsteps of Ster Kinekor, Edcon, Comair and SAA. Business rescue is also on the increase in the SME sector, as many suffer from financial distress. […]

No Ducking and Diving – Stick to the Rules of Insolvency

The COVID crisis has had an overwhelming impact on local business with corporate South Africa struggling to keep its head above water and the wolves at bay.  With no clear indication as to how the lockdown process will further impact businesses in the coming months, an understanding of the law of insolvency can provide much […]

Business Rescue, Liquidation or Survival – Time to Make the Call?

Big corporation or small enterprise – no business is immune to the current financial disaster 2020 has chauffeured in. We’ve seen the business rescue troubles of SAA unravel before our locked-down eyes, EDCON and Comair sending up an SOS flare and reports of indeterminable businesses (small and large) staring down the barrel of the COVID-19 […]

Suretyships vs Demand Guarantees, and the Impact of Business Rescue

What is the difference between a Suretyship and a Demand Guarantee? When you want to secure any debt owed to you by a third party (such  as a borrower, tenant or purchaser under an extended credit term agreement), there is a big difference between getting a Suretyship or a Demand Guarantee signed in your favour. […]