CRS Business Rescue
In-depth analysis of the business rescue provisions contained in Chapter 6 of the Companies Act No. 71 of 2008
Business rescue legislation
South Africa's new business rescue legislation is contained in Chapter 6 of the Companies Act No. 71 of 2008 and Chapter 6 of the Companies Amendment Bill, 2010.
Sections 128 to 155 are listed in the menu on the left under the following headings:
- Part A: Business rescue proceedings.
- Part B: Practitioner’s functions and terms of appointment.
- Part C: Rights of affected persons during business rescue proceedings.
- Part D: Development and approval of business rescue plan.
- Part E: Compromise with creditors.
- Legal references cited by Chapter 6.
The purpose of this section is to:
- List each section of the new business rescue legislation - first the Act and then the Amendment Bill.
- Provide information on the interpretation of each section - to be populated soon..
- Provide an interactive forum, per section, for discussion and debate to enable a wider understanding of legal and practical aspects of business rescue.
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Legal references cited by Chapter 6
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Business rescue legislation documents
Business rescue provisions in Chapter 6 of the Companies Act No. 71 of 2008 
(772k).
Business rescue provisions in Chapter 6 of the Companies Amendment Bill, 2010 (144k)
Companies Act No. 71 of 2008 (772k).
Companies Amendment Bill, 2010 (1 320k).
Companies Act No. 71 of 2008 - issues for rectification (38k).