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In instances where a property owner and/or developer is faced with insolvency proceedings, the developer risks being left with no way of recovering funds expended in the construction project especiall...
A guarantee is an undertaking to answer for the payment of another’s debt or the performance of another’s duty, liability or obligation. ...
A guarantee is an undertaking to answer for the payment of another’s debt or the performance of another’s duty, liability or obligation. ...
Liquidation in simple language is simply closing down/ killing off or winding up a business. In legal speak, liquidation involves the process of collecting all the business’s property, converting th...
Distress for rent is the seizure of a tenant’s goods for failure to pay rent with a view of selling them to recover the outstanding rent arrears. The Distress for Rent Act as read with the Auctionee...
Over the past few years, holders of debentures executed pre – 2015 have at the point of enforcing the same been met with the question –to appoint a receiver or an administrator? ...
Over the past few years, holders of debentures executed pre – 2015 have at the point of enforcing the same been met with the question –to appoint a receiver or an administrator? ...
An Administration Order can only be granted by the Insolvency Court once the conditions under Section 531 of the Insolvency Act are satisfied, to wit, a company is unable to pay its debts and if the o...
As therein indicated, under section 143 of the Companies Act, a director must act in the way which he considers, in good faith, would be most likely to promote the success of the company for the benef...
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