In South Africa the landscape upon which Insolvency Practitioners (IPs) are required to practise is still undergoing major revision, both in regard to legislation and policy.
Appointment of IPs
IPs are appointed by the Master of the High Court (the Regulator charged with such function), dependent upon the jurisdiction in which an order of sequestration (ie personal bankruptcy) or liquidation is granted. While there is presently
virtually no regulation of the practice as an IP, IPs seeking appointments are required to have their names included upon a panel of practitioners maintained by the Masters of the High Court in the various jurisdictions.
Location