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Creditors who vote against the adoption of a business rescue plan out of self-interest, without considering the rights of other affected parties, may risk having their votes deemed inappropriate by a court. A creditor of a company undergoing business rescue proceedings is entitled to vote on the proposed business rescue plan. However, for some creditors, voting for the approval of the business rescue plan would not achieve their objectives.
/PRNewswire/ The "The Short-Term Insurance Industry in South Africa 2022" report has been added to ResearchAndMarkets.com s offering. This report is on the.
(Bloomberg) South African policymakers, legislators and regulators need more engagement with the fintech industry before distributed-ledger technology can be incorporated into the nation’s financial markets, according to a new report by the central bank and the Intergovernmental Fintech Working G
We often read about banks, clients and scams. Often we see litigation between the bank and its Client. So, where does the reciprocal duty start and end? In Firstrand Bank Ltd v Kgethile (M370/2018) [2021], ZANWHC 63 (31 August 2021), considered this. Although not a binding decision, still extremely useful to consider.