Business rescue: securing creditors’ rights and employee claims in a post-rescue world

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

[ADVISOR VIEW] The rights of secured creditors must be balanced with the rights of employees in the complex dance of businessrescue: TiaanHerbst - The Southern African Advisory Company. Moneyweb Finance

In the aftermath of a business calamity, a delicate dance ensues as we ponder how to shield the rights of secured creditors from the eager grasp of employees who seek recompense following a daring business rescue. With a dash of Roman legal finesse, a touch of Dutch jurisprudence, and a sprinkling of UK and SA case law for good measure, we endeavour to unravel the conundrum of where precisely to draw this all-important line.

Imagine a simple scenario: You lend your beloved book to a friend and count on it being returned to you in pristine condition. The integrity of your agreement is the glue that holds this deal together, bolstering confidence and keeping your friendship strong. Secured creditors’ financial security is critical to sustaining their faith in the judicial system and inspiring them to continue providing credit to businesses. Two recent cases, Investec Bank Ltd v. Mutemeri and Re Spectrum Plus Ltd, illustrate why it is crucial to uphold the rights of secured creditors if the public is to have faith in the financial system and for businesses to have access to credit.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Peru to spend more than $1bn on climate plan, mitigate El Niño | BusinessPeru's government will spend some $1.06 billion on climate and weather measures, a senior minister announced on Thursday, in a bid to prevent and contain adverse impacts stemming from climate change and El Niño-related weather events. | News24_Business _Business The bulk of Peru's population - the poor - some cut off from the wealthy by a wall of shame - will be over the moon! _Business What a scam
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Spain's drought devastates olive oil output, drives world prices up | BusinessDrought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estimates from the European Commission show, pushing prices up.
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

WATCH | From greens to browns: Burkina Faso's eco-friendly golf course | BusinessWhen Burkina Faso makes the headlines these days, it's usually because of turmoil or suffering - its jihadist insurgency, repeated military coups or grinding poverty. | News24_Business
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Why are governments cracking down on TikTok? | BusinessCountries have increased scrutiny over the use of TikTok citing national security concerns. | News24_Business _Business 'countries' 😂
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

ESKOM LIVE | Stages 2 and 3 load shedding forecast for the week | BusinessAll the latest news and analysis on load shedding, power and the national grid. 😭😭😭😭😭😭 You guys have nothing to write about? We have esp app for that crap Eskom Se Push EskomSePush needs an updated schedule when we will have power rather. Ta
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

WATCH | French company has found a cutting-edge way to recycle EV batteries | BusinessAs the whole of Europe moves towards the energy transition, French mining group Eramet is developing techniques to recycle critical metals used in electric cars. | News24_Business
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »