Cross-Border Insolvency Act, 2000 (Act No. 42 of 2000)

Chapter 5  : Concurrent Proceedings

31. Presumption of insolvency based on recognition of foreign main proceedings

Purchase cart Previous page Return to chapter overview Next page

 

 

In the absence of proof to the contrary, recognition of foreign main proceedings is, for the purpose of commencing proceedings under the laws of the Republic relating to insolvency, proof that the debtor is insolvent.