LOCKDOWN DEMANDS THAT CIPC MUST RESCIND ITS DELAY OF BUSINESS RESCUE FILING

The national coronavirus-related lockdown has put many companies into financial distress, but recent notices from the Companies and Intellectual Property Commission (CIPC) are delaying the business rescue process and in fact fall to be set aside on review, according to law firm Knowles Husain Lindsay Inc. Many industries including construction, building and civil engineering were […]

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Another construction icon topples

Another construction icon topples The firm’s construction division has for some time been experiencing difficulties. The iconic South African construction firm Basil Read Holdings announced in June that it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings. This […]

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