TMA-SA May lectures series: Business rescue legislation panel discussion

Date: Thursday 3 May 2007.

Time: Social from 17h30 for talk from 18h30 until 20h30.

Venue: Building 3, Deloitte Place, The Woodlands, Woodlands Drive, Woodmead, Sandton.

Map to event: (54k).

Invitation: (29k)

Topic: Business rescue legislation panel discussion.

Panelists and programme

• Opening remarks by the Chairman Judge Ralph Zulman.  Judge Ralph Zulman is a well-known supporter of new business rescue legislation, and was a panelist at the dti's business rescue legislation discussion at the Companies Bill conference in March 2007.
• Panelists (about 10 minutes each)
  • The business rescue process (commencement, supervisor appointment, business rescue plan publication and approval, critical path, termination) by Jan van der Walt. Jan is a member of TMA-SA and ABASA and contributed to the submissions of both organisation to the dti on the draft legislation.
  • The supervisor (who is he/she?; need for regulation, admission criteria, exam, etc.) by John Evans.   John is a member of TMA-SA and ABASA and contributed to the submissions of both organisation to the dti on the draft legislation.
  • Impact on banks (creditors not appointing the supervisor, shift in decision-making power away from secured creditors, Banks' secured lending base will be eroded, etc.) by Martin Leigh.   Martin is a member of the Banking Council and ABASA and contributed to the Banking Council submission to the dti on the draft legislation.
  • Impact on the liquidation industry by Hans Klopper.   Hans is a member of AIPSA.
  • The academic perspective (debtor-friendly company business rescue legislation vs. creditor-friendly present and future insolvency legislation, etc. by David Burdette.   David is a insolvency law expert, member of TMA-SA, ABASA and AIPSA, and contributed to the submissions of both organisation to the dti on the draft legislation.
• Floor discussion - questions to panelists and open debate.  Keith Braatvedt is the additional panelist to answer legal questions.  Keith is a member of TMA-SA and AIPSA and contributed to the TMA-SA submissions to the dti on the draft legislation.
• Closure by Chairman.

Cost: R50 for TMA members, R100 per person for non-members.

Welcome: All TMA members, prospective TMA members and the general public.

Please feel free to forward this invite to colleagues and clients who may be interested in turnarounds.

Please RSVP by Monday 30 April to Lynne at or 011 9642 895.  Those who require invoices for the cost should request these from Lynne.

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