LITIGATION NEWSLETTER – MAY 2012

Thursday, May 24, 2012
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Employees’ rights and business rescue. Has the legislature gone too far? rnrnIn the case of Employees Solar Spectrum Trading 83 (Pty) Ltd v AFGRI Operations Limited and Solar Spectrum Trading 83 (Pty) Ltd, (“the Solar Spectrum case”) (case number 6418/2011,18624/2011 and 66226/2011) a business rescue application was instituted by employees of Solar Spectrum Trading (Pty) Ltd. The First Respondent was AFGRI Operations (Pty) Ltd, which was a secured creditor of Service Spectrum Trading 83 (Pty) Ltd, which was the Second Respondent in the application.

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