Business Rescue is gaining traction in South Africa and as more companies use this option as provided for by the Companies Act 71 of 2008 (the “Act”) , development of the law emerges as courts consider matters concerning business rescue. This article examines the recent case of DH Brother Industries (Pty) Ltd v Gribnitz NO and Others  and considers the procedural requirements under section 129 of the Act and the application of objections to company resolutions under section 130 of the Act.

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Written and prepared by Kirith P. Haria
BOUWER KOBELI MORABE

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