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Whether the Solvency and Liquidity test provides sufficient protection to creditors and minority shareholders

Whether the Solvency and Liquidity test provides sufficient protection to creditors and minority shareholders

by Sean Slabber | 8 Nov, 2022 | News

Article by Dhahini Naidu The Companies Act No. 71 of 2008 (“the 2008 Act”) reproduces a change from the standard of preserving the capital structure, to preserving the solvency and liquidity test, in comparison to its predecessor the Companies Act No. 61 of 1973 (“the...

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