Tag: Insolvency Act

concurrent jurisdiction
Parliament gives green light to Financial Sector Laws Bill

Parliament has passed the Financial Sector Laws Amendment Bill and sent it to president Ramaphosa for assent. The bill was tabled in parliament in August 2020. Cabinet approved the bill in June 2020 for tabling in parliament. In its statement, cabinet pointed out…
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business rescue 1 scaled
Reservation of ownership

There is often a misconception that if a creditor sells goods on credit, in terms of an instalment agreement, to a company in which agreement the creditor reserves ownership of the goods, then upon liquidation of the company the creditor is entitled to the return of…
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