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A reflection on conflicts of interest and misappropriation of corporate opportunity under modern Company Law in South Africa.
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A case from the Commercial Court in Gauteng is fascinating because it illustrates the far-reaching effects of conflicts of interest in companies and why they should be avoided.
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Directors wanting to address problems in financially distressed companies need to be proactive, diligent, and aware of all options available to them, including the option of business rescue, its value, and the importance of its timing.
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Cutting edge issues for South African boards of directors facing financial distress in 2019