This association changed its name from AIPSA (Association of Insolvency Practitioners of Southern Africa) to SARIPA (South African Restructuring & Insolvency Practitioners Association) on 1st July 2012.
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Save the Date… SARIPA Conference 2015!
We are very pleased to advise that SARIPA's 7th Annual Conference on Restructuring and Insolvencies will be held on 26 & 27 November 2015 at Montecasino, Fourways, Johannesburg.
Following on from the success of last year’s conference in Cape Town, we are planning another high quality programme for you focusing on critical issues facing the Insolvency, Business Rescue and related professions.
Don’t double date – make sure that this important professional event goes into your diary now to ensure that you are able to join us when we celebrate another conference and the end of another year together!
Applications for SARIPA membership will close on Thursday, the 30th of April 2015
as our next National Board Meeting is to be held on the 8th of May 2015.
Click to request a membership application form.
The number of liquidations decreased by 0,2% in the fourth quarter of 2014 compared with the fourth quarter of 2013. There was a year-on-year decrease of 14,0% (20 fewer liquidations) in December 2014. The number of liquidations decreased by 13,1% in 2014 compared with 2013. This followed annual changes of -12,6% in 2013 and -23,7% in 2012.
The estimated number of insolvencies increased by 2,4% year-on-year in November 2014. A 5,3% increase was estimated between the three months ended November 2013 and the three months ended November 2014. There was a decrease of 3,5% in the first eleven months of 2014 compared with the first eleven months of 2013. - Statistics of Liquidations and insolvencies, December 2014.
Statistical Release P0043 in PDF format
* Information courtesy of Statistics South Africa
6th Annual National Conference on Restructuring and Insolvency
Lagoon Beach Hotel :: Cape Town
20-21 November 2014
It HAPPENED, it was AMAZING and THANK YOU once again for making it happen ... to all our Sponsors, our Speakers and to all our Delegates ... Thank you too for your feedback! We will be taking cognisance of all your comments to give you an even better Conference next year!
By becoming a member of SARIPA you will enjoy receiving regular information on case law and statutory updates via our Insolvency Update and interesting information on insolvency law and business rescue via our Legal Update … as per the examples below …
Paulsen v Slip Knot Investments
A “large agreement” as described in s 9(4) of the National Credit Act 34 of 2005 is not unlawful if at the time the agreement was made the credit provider was unregistered and the Act requires that credit provider to be registered (section 89(2)(d)).
If interest has reached the capital amount (in duplum) prior to litigation commencing, interest will accumulate afresh on the capital debt from the date of service of the summons or application papers and once judgment is pronounced the capital and interest accumulated up to that date are consolidated and interest begins to run again on the consolidated debt until it reaches the capital amount.
Title: "Non-cession clauses on insolvency: company law"
Author: Julian Jones; Yaniv Kleitman
From: Without Prejudice, Vol 14, Issue 1, Feb
Abstract: When a company is placed in liquidation, a number of the ordinary principles of our law of obligations (in particular, contract) are, to some extent, turned on their heads. A liquidator steps in and has a duty to recover all amounts owing to the company and to sell its assets for the benefit of the creditors.
You will also be first in line to hear about any forthcoming workshops and conferences, plus you will enjoy a very good discounted rate as a SARIPA member … just some of the many benefits of belonging to our Association … can you afford not to belong?