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DEPARTMENT PROFILE

Werksmans Attorneys

Restructuring/Insolvency

3 ranked lawyersBand 1South AfricaGlobal 2021 View ranking table
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chambers review
department information
Ranked Lawyers

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What the team is known for

Prominent and impressive practice representing distressed debtor companies, business rescue practitioners and some of the region’s largest banking institutions. Offers clients a deep understanding of both insolvency and restructuring in various industries including healthcare and natural resources. Has particular expertise relating to litigation matters arising from liquidations and business rescue proceedings. Demonstrates notable capability representing international clients and handling mandates with cross-border elements.

Strengths

Sources commend the firm's "legal and practical expertise," noting that the team is "very experienced at advising boards of companies under financial distress," in addition to its "depth of experience advising both bank creditors and corporate borrowers."

Others are quick to highlight this "high-quality law firm" for its "great expertise."

Notable practitioners

Eric Levenstein maintains a stellar reputation in the market for his vast experience in all matters related to business rescue, restructuring and liquidation. He currently chairs the South African Restructuring and Insolvency Practitioners Association and is lauded by sources as a "highly knowledgeable" and "pre-eminent figure" in the field.

Lauren Becker has established herself as a respected name in the space. She is considerably active advising distressed companies, creditors and business rescue practitioners on various business rescue and insolvency-related matters.

Nastascha Harduth is commended by interviewees as a "very skilled" practitioner with a developing profile in the field. She provides counsel on liquidations, business rescue proceedings and wind-ups.

Department Information

This content is provided by Werksmans Attorneys.

Overview

The Werksmans Insolvency, Business Rescue, and Restructuring practice is well placed to assist directors of such companies as well as all stakeholders (especially creditors) in dealing with the prospect of entering into a formal process, such as business rescue or liquidation, and to provide effective legal advice to ensure a maximum recovery outcome for all concerned.

Business rescue and insolvency services include:

  • advising companies trading in what may be insolvent circumstances;​
  • advising on whether creditors should make application for business rescue as opposed to liquidation;
  • assisting creditors in attending meetings and dealing with their claims and securities in business rescue;
  • liaising with the business rescue practitioner and existing directors;
  • advising in relation to the provision of post-commencement finance;
  • advising on the general moratorium on legal proceedings against a company which has filed for business rescue;
  • protection of property interests;
  • advising on the effect of business rescue on contracts;
  • dealing with the section 155 compromise between the company and its creditors;
  • advising on the commencement and administration of the insolvency process including proof of claims;
  • advising on cross-border recognition of liquidators and the attachment of assets in foreign jurisdictions; and
  • providing support in forensic legal issues arising from liquidation proceedings.

Members

Levenstein, Eric (Head of Department)

Becker, Lauren

Becker, Lauren

Brown, Walid

Gootkin, Rael

Harduth, Nastascha

Harduth, Nasthascha

Jacobs, Harold

Manaka, Corlett

Motshwane, Karabo

Niemand, Jaco

Olivier, Brendan

Silberman, Lisa

Smit, Jason

Smit, Jennifer

Stockwell, Jonathan

van der Merwe, Anine

van Tonder, Frikkie

Restructuring/Insolvency

Werksmans Attorneys

firm
Location

The Central, 96 Rivonia Road

Sandown

Johannesburg

Gauteng

South Africa

2196

View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

South Africa

Restructuring/Insolvency


Eric Levenstein
Band 1
Lauren Becker
Up and Coming
Nastascha Harduth
Up and Coming