Suspending contracts i.t.o. Section 136 of the Companies Act

What power does a business rescue practitioner (BRP) have to suspend contractual obligations on the part of a distressed company? Schindlers Attorneys narrowly addresses the issue, while further advising business owners to consult section 136 of the Companies Act 71 of 2008in its entirety before taking any related steps.

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Suspending contracts i.t.o. Section 136 of the Companies Act

This article narrowly addresses the power of a business rescue practitioner (“BRP”) to suspend contractual obligations on the part of a distressed company. Readers are advised to consult section 136 of the Companies Act 71 of 2008 (“the Act”) in its entirety before taking any related steps.