South African Restructuring and
Insolvency Practitioners Association

Anyone who is facing bankruptcy, liquidation or sequestration has come to the right place for assistance with a business rescue and/or the services of a reputable Insolvency Practitioner. The South African Restructuring & Insolvency Practitioners Association (SARIPA) is a non-profit organisation with a membership of approximately 440 qualified Insolvency Practitioners, Business Rescue Practitioners, Chartered Accountants, Lawyers & Tax Consultants. This site contains sections that are geared to SARIPA Members, as well as to anyone interested in joining SARIPA.
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Goodbye AIPSA... Hello SARIPA!

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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email SARIPA at info@saripa.co.za.

 
6th Annual National Conference on Restructuring and Insolvency

We are delighted to invite you to our 6th Annual National Conference on Restructuring and Insolvency, taking place this year at the Lagoon Beach Hotel in Cape Town on the 20th and 21st of November 2014.

           

Our National Conference has become the number one professional event for the Insolvency and Business Rescue Profession and once again we have prepared a stimulating and informative technical programme featuring a list of dynamic local and international speakers.

Right-click document links to "save as...". Once you've saved the registration form on your own computer, please fill it in, re-save it, and email it to: info@saripa.co.za. Alternatively you can print and complete it by hand and fax it back to: 0866 916 987.

     

As always, our Conferences provide an excellent forum for speakers and delegates to share their knowledge and experience via the interactive sessions, plus there are exceptional networking opportunities to meet and mix with your colleagues and peers.

Our line-up of Speakers this year includes:

     
  Mr James Sprayregen : President of  INSOL International  
James H.M. Sprayregen is a Restructuring partner in the Chicago and New York offices of Kirkland & Ellis LLP and serves on Kirkland’s worldwide management committee.  Mr. Sprayregen is recognized as one of the outstanding restructuring lawyers in the United States and around the world. He also has extensive experience advising boards of directors, and generally representing debtors and creditors in workout, insolvency, restructuring, and bankruptcy matters worldwide.  Most recently, in 2014, Mr. Sprayregen was described by Chambers as “the godfather of restructuring” and “one of the major stars of the industry.”
     
  We are also honoured  to present Mahesh Uttamchandani : World Bank
Mahesh Uttamchandani is currently the Lead PSD Specialist & Global Product Leader - Debt Resolution & Business Exit at World Bank Group. Prior to this, he was a Senior Counsel in the World Bank’s Legal Vice-Presidency and led the Bank’s Insolvency & Creditors’ Rights Initiative. He was previously also Insolvency Counsel to the European Bank for Reconstruction and Development (EBRD) in London, England where he led the reform of insolvency systems throughout eastern Europe and central Asia. He is a Canadian lawyer who practiced for several years exclusively in the area of insolvency & creditors’ rights at a leading Canadian law firm. Mahesh has worked in over 40 countries, advising governments on insolvency reform. He is also an active member of INSOL International and has played a key role in the founding of and support for the INSOL Africa Round Table (ART), a project of INSOL International and the World Bank Group.
     
  Pieter Dirk Uys
This year we are closing our Conference with one of South Africa’s most admired and respected citizens, the indomitable Pieter Dirk Uys.  So please make sure you book your flights for later in the day  or why not spend the weekend in Cape Town.  You really do not want to miss his performance.   Pieter-Dirk Uys will present his short walk to freedom that will include every South African, as he shares moments from the past, the present and hopefully not a red-beret'd future. From DF Malan, through Hendrik Verwoerd, PW Botha and the dawn of democracy, to Nelson Mandela, the beetroot/garlic/African-potato Renaissance of Mbeki to the Dancing Chief from Nkandla. With comments and punchlines from other characters, all to make up a unique look at where we come from, where we are and where we can go towards - all with hope, optimism and humour, that ultimate weapon of mass distraction.
     

 

Membership Applications Deadline

Applications for SARIPA membership close on the 3rd of November 2014 as our next National Board Conference Call Meeting will be held on the 5th of November 2014.
Request an application form

Benefits of SARIPA membership...

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 …

An extract from SARIPA Insolvency Law Update 6 of 2014 dated 31 March:

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.

Read more

 

An extract from one of our recent Legal Updates, non-peer reviewed articles:

Title: "Non-cession clauses on insolvency: company law"

Author: Julian Jones; Yaniv Kleitman
From: Without Prejudice, Vol 14, Issue 1, Feb
Published: 2014

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. Below are some scenes from our 2013 Conference …

 
… just some of the many benefits of belonging to our Association … can you afford not to belong?

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