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9 Kloppers 1999:430. 10 Bradstreet 2010(a):199. 11 Bradstreet 2010(a):199. 12 UNCITRAL-dokument Legislative guide to insolvency law 5 item 2(l). 13 Kinsler 1997:150; Bradstreet 2010(a):199. LitNet Akademies Jaargang 9(2), Augustus 2012 14 61 van 1973 art. 428(2)(a): "A provisional judicial management order shall contain directions that the company named therein shall be under the management, subject to the supervision of the Court, of a provisional judicial manager appointed as hereinafter provided, and that any other person vested with the management of the company's affairs shall from the date of the making of the order be divested thereof." 15 Kloppers 1999:430. 16 Kloppers 1999:430. 17 UNCITRAL-dokument Legislative guide to insolvency law 166 item (c)17: "There may be, however, disadvantages to this approach, which include it being used in situations where the outcome is clearly not likely to be successful or to delay the inevitable with the result that assets continue to be dissipated and the possibility that the debtor may act irresponsibly and even fraudulently during the period of control, undermining the reorganization as well as the confidence of creditors." 18 Kinsler 1997:151: "It may seem counter-intuitive for the management of an insolvent corporation to be retained during Chapter 11 reorganisation. These are, of course, the same men and women who ran the company into insolvency." 19 UNCITRAL-dokument Legislative guide to insolvency law 166 item (c)17. 20 71 van 2008 art. 140(1)(a). 21 71 van 2008 art. 137(2)(a)–(c): "Tydens ’n maatskappy se ondernemingreddingsverrigtinge — (a) moet elke direkteur van die maatskappy, behoudens die gesag van die praktisyn, voortgaan om die funksies van direkteur uit te oefen; (b) het elke direkteur van die maatskappy ’n plig om enige bestuursfunksie in die maatskappy ooreenkomstig die uitdruklike opdragte of voorskrif van die praktisyn uit te oefen, tot die mate dat dit redelik is om dit te doen; (c) bly elke direkteur gebonde aan die vereistes van artikel 75 rakende persoonlike finansiële belange van die direkteur of ’n verwante persoon." 22 Bradstreet 2010(a):199: "It is not clear whether the words 'in substitution' imply a complete divestment." 23 King III, Praktyksnotas: Leiding op besigheidsredding 13. 24 Bradstreet 2010(a):200. 221
LitNet Akademies Jaargang 9(2), Augustus 2012 25 Bradstreet 2010(a):200; UNCITRAL-dokument Legislative guide to insolvency law 164 item (b)11. 26 Bradstreet 2010(a):200. Die maatskappy word bv. steeds beperk t.a.v. handelinge t.o.v. die maatskappy se bates. 27 UNCITRAL-dokument Legislative guide to insolvency law 164 item (b)11. 28 Bradstreet 2010(a):199. 29 Salant 2010:29–30. 30 Salant 2010:29–30. 31 Bradstreet 2010(a):208. 32 Bradstreet 2010(a):208. 33 2011 5 SA 600 (WCC) (Volksblad, 28 September 2011, bl. 11). 34 Bradstreet 2010(a):208. 35 Rajak en Henning 1999:68. 36 Lamprecht 2008:192: "[J]udicial management has historically been seen as an adjunct to liquidation, which has led to many professional liquidators being appointed to act as judicial managers. The objectives and duties of these two functions, however, are diametrically opposed." 37 Lamprecht 2008:192: "While the judicial manager's objective is to maintain a business with a view to restoring it to health, a liquidator's objective is to stop trading and to sell assets as soon as possible.";Olver 1986:86; sien ook Kloppers 1999:424: "While a judicial manager's objective is to carry on trading to restore the business to prosperity, the liquidator's function is to stop trading and to sell the assets as quickly as possible." 38 Olver 1986:86; Lamprecht 2008:192. 39 Bradstreet 2010(a):207. 40 Loubser 2008:375. 41 Loubser 2008:375. 42 Bradstreet 2010(a):204. 43 61 van 1973; Rajak en Henning 1999:264. 44 61 van 1973 art. 431(4): "Die bepalings van hierdie Wet met betrekking tot die bewys van eise teen ’n maatskappy wat gelikwideer word en tot die benoeming en aanstelling van ’n likwidateur van ’n maatskappy is mutatis mutandis van toepassing met betrekking tot die 222
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