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Section 151

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The consequences of acceptance or rejection of a business rescue plan

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on May 2, 2023

This blog is longer and more dense than usual. Most of it is taken directly from the precise wording of the judgment and it will be of use to anyone interested in the business process.

Section 151 of the Act requires a business rescue practitioner to convene and preside over a meeting of creditors and…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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