Interesting Judgment: Islandsite Appeal
04 December 2023
Members,
Attached a judgment handed down in the SCA on the 1st of December 2023.
The Court found that the directors did not have the authority to represent the company in business rescue, the authority fell to the Business Rescue Practitioners.
A cost order was given against the directors.
Kindly sent by Bouwer van Niekerk of Smit Sewgoolam Inc.
Take care
René Bekker
Chief Operating Officer