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Administration, Disputes, Incentives, and Funding Cobar  Form

Administration, Disputes, Incentives, and Funding Cobar Form

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good morning my name is Maurice crispy I'm the managing partner of embers attorneys welcome to Cobra Cobra is South Africa's largest pro bono initiative and the idea is that we assist businesses in distress we have a possible an outsider business rescue and in business risk if it's strictly becomes necessary and I say that because Cobra last we discussed business rescue it's not about business rescue the idea of Cobras to keep you out of business risky and business rescue is really a last resort business rescue is there if a creditor applies pressure on a business and reasonably in these circumstances because everybody is in trouble what what then does is one can put a company into business for his q half of the moratorium in place of the creditor cannot sue you and name deal with the creditor on a level playing field so it's only in those circumstances there are certain commercial circumstances which we'll be discussing with business res

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