Overview
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Overview
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Overview
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KENYA
Economic overview
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Global, Kenya, Mauritius, Tanzania, Uganda, USA, Company & Commercial, Insolvency & Restructuring, Litigation, Bowmans, Corporate governance, Bitcoin, Electric vehicle, Cryptocurrency, Gaming, US Securities and Exchange Commission, European Commission, Commodity Futures Trading Commission (USA), NASDAQ, FTX, Companies Act 2006 (UK)
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The promulgation of the Companies Act 2008 in South Africa saw the introduction of a company rehabilitation process termed 'business rescue'. As in many other jurisdictions, a company under business rescue enjoys a temporary moratorium on the prosecution of claims with a view to allowing the distressed company breathing space to reverse its financial difficulties and avoid full-scale liquidation.
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