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What are the legal considerations behind declaring a director delinquent?

16 November 2021

What are the legal considerations behind declaring a director delinquent?

 

When approaching a business rescue, the root cause of distress can be mismanagement. In the replacement of the board, the business rescue practitioner needs to resort to a legal process and declare a director delinquent.

 

What is the process behind this?

 

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