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According to Werksmans Attorneys director, Eric Levenstein, business rescue is an opportunity for financially distressed companies to file for a formal restructuring process.
Since the new Companies Act No. 71 of 2008 (the act) came into effect, on 1 May this year, the duties and potential liability faced by company directors have increased.
The Consumer Protection Act (CPA), scheduled to become operational in April of this year, is likely to have far-reaching effects. The Department of Trade and Industry has stated that the CPA will,...
The long anticipated new Companies Act No. 71 of 2008 (the Act) was promulgated in April 2009 and is expected to become effective on 1 April 2011. The Act fundamentally re-writes South African...
The shift across the world appears to be towards the entrenchment of consumer rights. The trend has seen the introduction of new legislation to scupper unscrupulous manufacturers and better protect...
The way that manufacturers label their products, particularly when providing warnings and instructions to consumers, will need to change dramatically to comply with the provisions of the new...
The stringent criteria now being imposed on company directors are diminishing the prestige that this position once held. The new South African Companies Act deals specifically with the potential...