Smoken Consulting

Smoken Consulting We are experienced Business Rescue Practitioners but also give advice to all affected parties, such as Creditors, Shareholders and Employees

The business rescue process set down in the New Companies Act attempts to avoid liquidation and to give a Company in financial distress respite from its Creditors hence giving it breathing space to restructure its affairs. We are experienced Business Rescue Practitioners but also give advice to all affected parties, such as Creditors, Shareholders and Employees (including Directors and Members).

02/12/2020

Construction:
We recently had an Adjudicator’s decision in our Client’s favour thus saving him some R15 million and the consequential huge damages had the decision been in favour of the Employer.

02/12/2020

Ken Stewart has also been involved in the Construction Industry for some fifty (50) years and is familiar with all four main Forms of Contract currently used in SA, namely the GCC 2010 & 2015; all forms of FIDIC; the New Engineering Contract and the JBCC Contracts

He is available for consultation on contractor’s financial claim entitlements; programme issues and avoidance of Penalties.

Email us on [email protected]

23/04/2018

Business Rescue provides protection from a company’s Creditors in a fashion similar to the United States Chapter 11 Bankruptcy Code in order to give the Company breathing space to restructure. Essentially a Company’s Creditors are “ring-fenced” and can take no legal action against the Company during the business rescue process. The appointed business rescue Practitioner then prepares a proposed business rescue Plan in conjunction with all parties for publication and presentation upon which the Creditors of the Company vote.
If you wish to know more please contact us.

Address

Pietermaritzburg

Opening Hours

Monday 07:30 - 16:00
Tuesday 07:30 - 16:00
Wednesday 07:30 - 16:00
Thursday 07:30 - 16:00
Friday 07:30 - 16:00

Telephone

+27330085007

Website

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