Exam (elaborations)
LML4806 Assignment 2 (Complete Solutions) - Semester 2, 2024
Exam study book The Law of Business Structures of Farouk Cassim - ISBN: 9781485107712 (Guaranteed success)
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
LML4806 Assignment2 (COMPLETE
QUESTIONS AND
ANSWERS) Semester 2
2024 - DUE August
2024
,LML4806 Assignment 2 (COMPLETE ANSWERS) Semester
2 2024 - DUE August 2024
Question 1
Barbara is a business rescue practitioner of Thirsty
Elephants (Pty) Ltd, a company that is under business
rescue. She convenes a meeting of the creditors of
Thirsty Elephants (Pty) Ltd to discuss and vote on the
business rescue plan. The business rescue plan contains
ample provisions that protect the interests of the secured
creditors of Thirsty Elephants (Pty) Ltd. Winelands
Packers (Pty) Ltd, a secured creditor of Thirsty Elephants
(Pty) Ltd holding 27% of the creditors’ voting interests
that are voted at the meeting, votes against the adoption
For assistance with assignments whatsapp +254702715801
, of the business rescue plan. All the other secured and
unsecured creditors in attendance at the meeting vote
for the adoption of the business rescue plan as the plan
presents certain advantages to them. Barbara is
concerned that Winelands Packers (Pty) Ltd’s vote against
the adoption of the 4 business rescue plan is detrimental
to the successful rescue of Thirsty Elephants (Pty) Ltd, the
interests of its employees and the interests of the other
affected creditors. With reference to the Companies Act
71 of 2008 and the relevant case law, advise Barbara on
whether she may successfully apply to a court to set
aside the vote of Winelands Packers (Pty) Ltd. In your
advice, you should discuss the grounds on which such an
For assistance with assignments whatsapp +254702715801
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller silvermade. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R49,93. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now