Maart 2013: jaargang 10, nommer 1 - LitNet

89 Wet 61 van 1973 art. 434A(1).
90 Wet 61 van 1973 art. 434A(2).
91 Insolvensiewet 24 van 1936.
92 Wet 61 van 1973 art. 434A(3).
93 Wet 24 van 1936 art. 151-151 bis.
94 Kloppers (1999:430).
LitNet Akademies Jaargang 10 (1), Maart 2013
95 Kloppers (1999:430) sê: "These opportunities include a time-based remuneration,
remuneration based on a percentage of the assets under judicial management or an incentive
based remuneration where the judicial managers would be able to obtain an equity interest
where the corporate rescue is successful. A combination of these methods could also be
considered."
96 Burdette (2004:433).
97 Ibid.
98 Ibid.
99 Wet 61 van 1973 art. 434(2).
100 Wet 71 van 2008 art. 130(1)(c) lui: "... requiring the practitioner to provide security in an
amount and on terms and conditions that the court considers necessary to secure the interests
of the company and any affected persons".So ookKing III Praktyksnotas: Leiding op
Besigheidsredding 10: "The only circumstances in which a business rescue practitioner can
be required to provide security for his or her proper administration of the business rescue
procedure, is when a resolution has been adopted by a company's board for the voluntary
commencement of a business rescue procedure and an affected person has applied to court for
the provision of security." Sien ook Loubser (2010:508).
101 Loubser (2010:508) verklaar: "It is an entrenched principle of South African corporate and
insolvency law that any provisional or final liquidator, judicial manager or trustee must
provide security for the proper performance of their duties."Sien ook Wet 61 van 1973 artt.
368, 375, 429, 431; Wet 24 van 1936 artt. 18, 56.
102 Loubser (2010:509).
103 Wet 71 van 2008 art. 143(1) en (6).
104 Companies regulations pursuant to the Companies Act 71/2008 reg. 128(1).
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