Insolvency and restructuring in the post-pandemic world: The role of liquidation and business rescue
Authors Katherine Timoney and PJ Veldhuizen
Source: The Corporate Report, Volume 10 Issue 1, 2020, p. 25 – 31
While there is a lot of uncertainty about how conditions in the coming months will affect local businesses, an understanding of the law of insolvency can provide a lot of clarity on the available options for companies that find themselves in a difficult financial position. This article gives a brief introduction to the concepts of liquidation and business rescue, what they are designed to do, and how they function.
Key ideas: Covid-19; insolvency; liquidation; business rescue