CNA business rescue practitioners should read the Companies Act

After all the bad publicity surrounding stationery retailer CNA’s business rescue, the process to save the ailing firm has to be above board and ensure all have confidence in it.

Before it was placed into business rescue and with unpaid bills mounting, directors of the retailer disagreed about the way forward and minority shareholder Benjamin Trisk was asked to step down from his CEO position...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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