The Draft Insolvency Bill- An Exploration (Part 2)
[1999 Tsar] P38
Posted: 27 Feb 2018
Date Written: February 16, 2018
The general principle regarding the effect of liquidation on contracts entered into before liquidation is presently based on our common law. The rule entails that in the absence of any statutory provisions or common law principles to the contrary, contractual rights and obligations are not automatically terminated by the sequestration or liquidation of either one of the contracting parties.
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