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Byline: Sanchia Temkin
State plan hinges on business rescue practitioners SANCHIA TEMKIN Professional Services Editor WITHOUT suitable candidates to serve as business rescue practitioners, the government's plans to see failing companies saved instead of destroyed could falter, a legal expert warned at the weekend.
Time will tell whether the skills are available to implement what are challenging and often difficult processes, said Eric Levenstein, corporate restructuring and insolvency specialist at Werksmans Attorneys.
The business rescue practitioner is central to the business rescue framework being introduced to corporate SA under the new Companies Act, …