Business Rescue: Who does it work for?
Since the implementation of the Companies Act in 2011, business rescue has proven to be the more popular course of action over liquidation to assist or rehabilitate businesses in financial distress. That said, success is subjective so what determines or defines a successful outcome, and for whom – the staff, creditors, directors, the public, the company? PJ Veldhuizen, MD of boutique law firm Gillan & Veldhuizen Inc explains…