Retailer seeks to overturn high court’s decision that liquidation hearing can take place in SA
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.
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...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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