The New Insolvency and Labour Legislative Package How Successful Was the Intergration
[Industrial Law Journal 2003 Ilj] P1840
29 Pages Posted: 27 Feb 2018
Date Written: February 16, 2018
The package of amendments to the Insolvency Act 24 of 1936 (IA), the Labour Relations Act 66 of 1995 (LRA) and the basic Conditions of Employment Act 75 of 1997 (BCEA) is probably the most significant manifestation of pressure exerted by the labour movement on the insolvency law fraternity ever experienced in South African legal history. On 2nd August 1999 the Congress of the South African Trade Unions (COSATU) gave notice to the National Economic Development and Labour Court (NEDLAC) that it intended to commence with protest action inter alia on the ground that insolvency laws must be amended to alleviate the adverse effects of liquidtions upon workers and their financial security.
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