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With the new Companies Act, No 71 of 2008, which will change the way in which mergers and acquisitions (M&A) are dealt with in South Africa, coming into effect soon, Bowman Gilfillan Attorneys...
Part E of chapter 6 of the New Companies Act 71 of 2008 ("the New Companies Act"), which will come into effect in mid or late 2010, governs compromises between a company and its creditors.