BUSINESS INSIGHTS: The benefits of commercial mediation

The eerily similar nature of the two matters that I was involved in was ample motivation to prepare this short case study. Both cases involved disputes amongst shareholders related to matters of corporate governance significant trust deficits among the parties involved, and who were deadlocked as to the future management of the company.

Ultimately the business rescue plan presented was voted down and the business rescue practitioners had no alternative but to convert the proceedings to liquidation leaving the Company rudderless and being tossed about in the waves. Creditors who were aware of the court proceedings were now reluctant to extend credit, experienced staff who were able to find alternative employment did so and customers who may have engaged on long-term projects have looked to competitors.

It would seem to me that failure to consider mediation as an option not only falls foul of the recently promulgated Rule 41A but it also displays an unusual lack of common sense. Orlando Pirates head coach Jose Riveiro has become an icon in Soweto after another MTN8 Cup win against Stellenbosch FC last weekend.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS INSIGHTS: Empowering startups with professional logo designUnderstanding how a professional logo can make a difference, enabling startups to capture and retain the attention of their target audience.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: SA’s luxury property sector untouchedHigh-net-worth investors remain relatively immune to the financial pressures facing the majority of the population and as a result, the buoyant luxury property market continues to generate high demand.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Updates in the Local Data Protection LandscapeUpdates to the data protection landscape, POPIA and PAIA we should know about.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: What’s the difference between a Wordmark and a Logo?A wordmark, also known as a logotype, is a typographic representation of a brand’s name. It relies on typography, using unique fonts, colours, and spacing to create a memorable impression, without incorporating any symbols or icons.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Legal implications of using AI generative servicesUnderstanding the specific local legislative environment impacting the use of generative AI services such as ChatGPT.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Seven Accounting and Tax Mistakes Entrepreneurs Should AvoidAvoid costly tax and accounting mistakes as an entrepreneur. Learn about key financial errors and tips to protect your business.
Source: TheSAnews - 🏆 25. / 59 Read more »