The judgment in this significant case highlights the evolving nature of corporate law and judicial interpretation. It also marks a significant milestone in Mauritian corporate law, reaffirming the judiciary's commitment to fairness and equity.
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The judgment in this significant case highlights the evolving nature of corporate law and judicial interpretation. It also marks a significant milestone in Mauritian corporate law, reaffirming the judiciary's commitment to fairness and equity.
Zambia has ‘operationalized’ the business rescue mechanism, first introduced in July 2018 under the Corporate Insolvency Act No 9 of 2017, which allowed a one-year window period for the formulation and promulgation of the subsidiary legislation.
The 2022 amendments to companies and insolvency laws seek to streamline operations of companies (and insolvent companies and individuals) by addressing inadequacies as well as administrative and operational shortcomings in the laws.
The recent case of Commissioner for the South African Revenue Services v Louis Pasteur Investments (Pty) and Others may be the first of its kind to admonish the actions of a business rescue practitioner (BRP) by granting ..
The High Court recently passed a decision (Bank Of India (U) Limited Vs NC Beverages Limited And Uganda Revenue Authority (Civil Suit 0009 of 2021) highlighting the priority of a secured creditor in the winding up or liquidation of a company. ..
The High Court, in its ruling in High Court Insolvency Petition E018 of 2020 in the matter of Tusker Mattresses Limited, held that a secured creditor is entitled to exercise its statutory power of sale without recourse to the court exercis..
Is it possible for creditors to apply for the winding up of a South African branch of a foreign company (“an external company”), even if the foreign holding company remains solvent, since the two entities are legally one and the same entity?
Although the registrati..
A brief commentary on the Metallon Gold Zimbabwe (Pvt) Ltd & Ors v Shatirwa Investments (Pvt) Ltd & Anor SC 107/21.
The High Court in Uganda has ruled that a petitioner for liquidation of a company must issue a statutory demand regardless of the grounds of the petition.