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CHECKMATE: South Africa's credit rating downgraded to "junk status"

South Africa - May 12 2017 In a catastrophic move for South Africa, credit rating agency Standard and Poor (S&P) downgraded South Africa's credit rating to "junk" status. On 3…

Alex Eliott

A session on cessions of debtors in business rescue

United Kingdom - October 11 2016 There has been considerable controversy about the extent of the powers, and the extent of obligations of a business rescue practitioner in relation…

Gareth Cremen, Alex Eliott

Rescue from the rescuer

South Africa - August 5 2016 Since the inception of business rescue, misconduct by business rescue practitioners (BRPs) has been one of the biggest causes of complaint (and…

Revisiting Chetty

South Africa - December 22 2015 Section 133 of the Companies Act 71 of 2008 provides for a general moratorium on legal proceedings against a company in business rescue. I wrote an…

Alex Eliott

Hot off the business rescue press

South Africa - July 17 2015 The recent unanimous judgment handed down by the Supreme Court Appeal in Panamo Properties (Pty) Ltd v Nel and Another NNO (35/2014) 2015 ZASCA 76 (27…

Alex Eliott