Liquidation and Business Rescue.
Our attorneys within this department have vast experience in the insolvency industry, both in the taking of appointments as trustees/liquidators in insolvent estates and as acting for creditors exposed to insolvent estates. Our attorneys have been involved in some of the most complex and high profile liquidations in South Africa.
In an industry that has been tainted with questionable practices by some trustees/liquidators, our attorneys pride themselves in their uncompromising approach in line with the highest ethical standards in attending to the winding up of insolvent estates. Our ultimate goal always being to minimise the hardship and maximise the recovery to the creditors. Much of our success in achieving this arises from the conducting of formal enquiries into the affairs of the respective insolvent estates.
Strauss Daly, being a nationwide law firm, allows its attorneys to be appointed on the respective panels of the Master the High Court in Johannesburg, Pretoria, Durban, Pietermaritzburg, Cape Town and Bloemfontein. Our insolvency department is also backed by a highly experienced administration team with each individual having more than 15 years’ experience in the administration of insolvent estates.
From a business rescue perspective, Mark Poole has been appointed as a business rescue practitioner in a number of companies and close corporations, all of which have had their business rescue plans successfully adopted. Mark Poole has also presented to various groups of creditors on business rescue and is often called upon to give advice to creditors and financial institutions who are exposed to entities in business rescue.
As the world economy falters and so too that of South Africa’s, amidst the COVID-19 pandemic, the need and effectiveness of business rescue becomes more critical.
Core services include: being appointed as a trustee/liquidator in insolvent matters, appointed as a business rescue practioner in financially distressed entities, advising creditors to insolvent and business rescue matters, advising distressed entities and deceased estates
For more information contact Mark Poole on 082 881 9115 or [email protected]