This website uses cookies to ensure you get the best experience. If you continue to use this site without changing your cookie settings we assume you consent to the use of cookies on this site.

select an area of expertise

insolvency, restructuring and business rescue

print

Market leader in Insolvency and Business Rescue - particularly in matters requiring multiple banks to work together. Pragmatic, consistent, and responsive. Step up readily when extraordinary commitment is required around time pressure
IFLR 1000, 2019

ENSafrica’s dedicated insolvency, restructuring and business rescue team focuses on minimising loss, maximising returns and assisting clients throughout Africa to proactively manage financial risk and exposure.

When insolvency is inevitable, we have the expertise to develop and implement effective recovery strategies for viable business activities, and to maximise returns for creditors.

As a result, we have acted in many complex cross-border insolvencies and restructurings, and have been called in to assist in most major corporate collapses and restructurings in Africa.

We are at the cutting edge of developing insolvency and business rescue law in Africa, and have been involved in the most prestigious and important matters since the introduction of business rescue, playing a significant role in procuring successful results in this regard.

Our key differentiator is that we have the unique advantage, as part of Africa’s largest law firm, of being able to harness the expertise of more than 600 practitioners throughout the continent. ENSafrica has a significant breadth and depth of experience and specialist expertise that spans all commercial areas of law, tax, forensics and IP.

As such, we regularly partner with specialists across the firm, meaning that we are able to assist with all aspects of all matters across all sectors in all African jurisdictions, ensuring that your legal requirements are handled quickly and seamlessly.

what we offer

We offer you the full scope of insolvency and business rescue services, including:

  • acting in liquidations, receiverships and administrations
  • audits and enforcement of securities
  • business rescue
  • constitutional litigation
  • corporate restructuring
  • debt recovery
  • debt restructuring and securitisation
  • employee fraud
  • forensic investigations
  • insolvency due diligence exercises
  • interrogations
  • risk management
  • schemes of arrangement
  • viability assessments
  • voidable transactions and other insolvency litigation

experience

ZAR22-billion
recovered from the Steinhoff Group within five months for Absa Bank, China Construction Bank, Citibank South Africa, Depfin Investments, HSBC Bank South Africa, Investec Bank, iNguza Investments, Nedbank, Old Mutual, Rand Merchant Bank, Rapvest, Standard Bank of South Africa and Standard Chartered Bank.
Administration
of Spencon Services, a Kenyan construction company with operations in Rwanda, Tanzania and Uganda.
Business rescue
of construction engineering company Basil Read, spanning Botswana, Lesotho, Namibia, South Africa and St Helena.
Investigation
into reckless trading by former directors of Pinnacle Point and the recovery of unpaid liabilities worth ZAR500-million.
Liquidation
of Kusaga Taka Consulting after allegations of fraud and corruption in the waste tyre industry.
Highly complex restructuring
of the Edcon Group (with stores in Botswana, Ghana, Lesotho, Namibia, South Africa and Zimbabwe), involving South African banks, London-based lenders and New York-based financial creditors.
Restructure
of the Industrial Development Bank of South Africa’s investment in a hotel in Uganda.
Liquidation
of Zonnekus Mansion, an estate in Cape Town.
Enforcement and protection
of the Industrial Development Corporation of South Africa’s security registered over assets during the ZAR300-million business rescue of Shiva Uranium, a Gupta-related company.
Liquidation
of Western Province Rugby and the subsequent insolvency enquiry.