Abil’s sale of Stangen is essential as liquidation may hit all stakeholders

All in a day’s work…

http://www.bdlive.co.za/business/financial/2015/10/01/news-analysis-abils-sale-of-stangen-is-essential-as-liquidation-may-hit-all-stakeholders

Judgment in our favour received this morning from the Supreme Court of Appeal

I previously wrote an article dealing with the rights of shareholders to convene shareholders’ meetings (See WHEN DIRECTORS PARALYSE A COMPANY –  DIRECTORS’ ABILITY TO PREVENT THE CONVENING OF SHAREHOLDERS’ MEETINGS  By Don Mahon)

 

This morning, I received the following judgment in our favour from the Supreme Court of Appeal which deals with the issue:

Butler v Van Zyl (554-13) [2014] ZASCA 81 (30 May 2014)