Interesting Judgment: Ferrostaal & Atlantis Marine Projects v Transnet & Ferromarine Africa
26 May 2021
The question before the Supreme Court of Appeal was whether it was just and reasonable to set aside a creditor’s vote against the adoption of a proposed business rescue plan on the ground that its result was inappropriate.
Held, that there was no justification for interfering with the discretion exercised by the Court a quo, the appeal was dismissed with costs.
Kindly sent to us by Julian Jones of Webber Wentzel.