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Orthogonal tactics to try to save a sinking ship

11 May 2023

Orthogonal tactics to try to save a sinking ship

 

People rarely abandon a ship unless they have absolutely no alternative. The same can be said of some affected parties even when it is clear that the business rescue process has failed. So writes Belinda Scriba and @Katekani Mashamba of Cliffe Dekker Hofmeyr Inc on a case where certain affected parties pursued an orthogonal interpretation of the legislation to try to rescue (every pun intended) the business rescue of a company.

 

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