Business Rescue: Financial and Credit Negotiation
Presenters : Tania Lopes
Overview
The role of the business rescue practitioner (BRP) is crucial in assisting struggling companies in South Africa to overcome financial difficulties and avoid insolvency. The latest report from the CIPC reveals that over 4000 business rescue proceedings have taken place in the country.
In this webinar, attendees will learn how to become accredited BRPs, as well as gain a full understanding of the business rescue process, including identifying when a business is in financial distress and deciding when business rescue is a viable option. Additionally, attendees will learn how to advise company directors on their duties and responsibilities in accordance with the Companies Act, and guide financially distressed clients through the business rescue process.
Learning objectives
Attending this webinar will equip you with the following skills:
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Gain a full understanding of the business rescue process.
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Acquire the ability to identify when a business is in financial distress.
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Possess knowledge of how to decide when business rescue is a viable option.
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Act in an advisory role to company directors as far as their duties and responsibilities are concerned in accordance with the Companies Act.
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Have the practical knowledge to guide your financially distressed clients through the business rescue process.
Content
The webinar will cover the following topics:
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Business rescue - Chapter 6 Companies Act 71 of 2008.
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Directors' obligations.
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Business rescue proceedings.
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Important definitions.
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Court order or voluntary business rescue?
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General moratorium on legal proceedings within business rescue.
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Investigation of affairs of company.
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Rights of affected persons.
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Development and approval of business rescue plan.
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Classification of companies undergoing business rescue.
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How to become an accredited business rescue practitioner.