Steinhoff wants apex court to set aside liquidation hearing
Steinhoff, the global retailer at the heart of SA’s biggest corporate fraud, will ask the Constitutional Court to set aside a ruling that an application to have it liquidated can be heard in SA.
A successful liquidation would have grave consequences for Steinhoff, which last week garnered sufficient support for a R24bn settlement agreement from claimants in SA, Germany and the Netherlands. The settlement agreement, which is close to finalisation, will end more than a 100 litigation cases against it. ..
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