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Never miss a beat on Africa's legal and regulatory landscape.

Bowmans

Mauritius: Landmark decision – Supreme Court revives Square Rock Ltd despite dissolution

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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Moira Mukuka Legal Practitioners

Distressed M&A and the Zambian Business Rescue Process

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.

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ALP East Africa

Amendments to Companies and Insolvency Laws in Uganda

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.

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Cliffe Dekker Hofmeyr

Almost 10 years in, and still no hope of being rescued: BRP slapped with personal punitive costs order

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 ..

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ENSafrica

The High Court of Uganda emphasises the rights of secured creditors in insolvency proceedings

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. ..

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Dentons Hamilton Harrison & Mathews

High Court affirms position of secured creditors in insolvency proceedings

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..

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Webber Wentzel

Winding up an external company in South Africa

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..

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Scanlen & Holderness

The correct approach to corporate rescue explained in Zimbabwe

A brief commentary on the Metallon Gold Zimbabwe (Pvt) Ltd & Ors v Shatirwa Investments (Pvt) Ltd & Anor SC 107/21.

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ENSafrica

Insolvency law takes a knock: A review of Roofings v Roko Construction

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.

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