Judge gives reasons why Steinhoff can be liquidated in SA

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Court has jurisdiction to entertain the provisional winding-up application

Western Cape high court judge Hayley Slingers has given reasons for her ruling that Steinhoff meets the definition of a company that can be liquidated under South African law despite being registered in the Netherlands.

Steinhoff, which is in a race to conclude a settlement to avoid claims that could completely bankrupt it, has been waiting for Slingers’s reasons to appeal against her September ruling. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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