Liquidations are no longer just about companies that cannot pay their
debts. Liquidation has become a sophisticated tool of commercial
strategising and restructuring. Naïve shareholders often find themselves outmanoeuvred,
outwitted and ultimately ousted from the business by better advised
co-shareholders by means of a liquidation and subsequent scheme of arrangement.
The Insolvency and Work-outs practice of Bowman Gilfillan straddles
both the commercial & litigation departments.
The practice team dedicate most or a significant part of their time
to insolvency and work-out
related matters.
The Insolvency and Work-outs division covers all aspects
of insolvency,
ranging from
- applications to liquidate companies (including JSE listed
companies)
- sequestrations
- advising shareholders on the voluntary
winding up of companies
- compositions
- cross-border insolvency
- judicial management
- offers of compromise
- schemes of arrangement
- proof of
claims
through to the implications of insolvency
on commercial transactions and industry. |
