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Business rescue resolution: Is non-compliance with the Companies Act only relevant if the resolution is challenged?

The South Gauteng High Court in NTC Global Trade Fund (Pty) Ltd and Another v Letopa and Others (2025/102392) considered the issue of validity of business rescue proceedings initiated by NTC Global Trade Fund (Pty) Ltd (NTC) while there were pending liquidation proceedings. This case may open the door for the adoption of resolutions placing a…

Hungarian government intervenes as rolling stock companies Ganz-Mavag and DJJ face liquidation

Show Fullscreen HUNGARY: A commercial court initiated liquidation proceedings on October 15 against rolling stock businesses Ganz-Mavag International and the Dunakeszi Járműjavító plant, both owned by Hungarian investment company Magyar Vagon. Three days later, the national government responded by formally declaring the companies as strategic assets, deeming these operations to be of ’national importance for…