In line with the Government’s Policy to create a culture of Business Rescue where companies are placed under temporary supervision to develop a Plan to rescue a company by restructuring its affairs, the firm has established a Business Rescue division.  Pierre Berrangé and Eugene Nel are registered with CIPC as conditionally licensed Senior and Experienced business rescue practitioners respectively. 

With the assistance of the powerful Business Rescue Provisions of the Companies Act we believe that we can add tremendous value to a struggling business which requires supervision to achieve a turnaround.

Business Rescue requires expertise in both the legal and accounting fields.  Although a legal firm, we have immediate access to a number of chartered accountants and financial experts to assist with the process.

The expertise gained in trading businesses during the liquidation process has proven invaluable in implementing the Business Rescue procedure and achieving turnarounds for failing businesses. Our skills enable us to assist financially distressed companies to find the best solutions, whatever the situation. 

The firm's recent assignments include a wide range of industries, including (but not limited to) : 

 

  • Property Development; 
  • Agriculture;
  • Construction;
  • Engineering;
  • Coatings / paint