Matthew

About Matthew Thomson

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So far Matthew Thomson has created 35 blog entries.

COVID-19 and Business Rescue: Where to start?

By |2020-10-05T06:47:25+01:00October 4th, 2020|Commercial Law, Litigation|

The purpose of BR in terms of the Act is thus to give ailing companies a chance to return to trading on a solvent basis or alternatively, to maximise the returns of the creditors and stakeholders of the company. This happens by restructuring the entity, under the control of a Business Rescue Practitioner (“BRP”) and subject to the approval and participation of its creditors.

COVID-19- a National State of Disaster: What do the regulations mean for me?

By |2020-03-19T15:02:24+00:00March 19th, 2020|Environmental Law, Health & Safety Law, Litigation|

On 15 March 2020, Dr Nkosazana Dlamini Zuma, as Minister of Cooperative Governance and Traditional Affairs, declared a national state of disaster, citing special circumstances warranting such declaration in terms of Section 27(1) of the Act. Furthermore, Dr Mmaphaka Tau, in his capacity as the Head of the National Disaster Management Centre, classifying the COVID-19 pandemic as a national disaster, in other words, a disaster affecting all of the provinces, in terms of section 23(1)(b) of the Disaster Management Act 57 of 2002 (“the Act”).