Insolvency professor gives key speech at South African conference

CBIL Director, David Burdette, addressed the annual conference of the Turnaround Management Association in South Africa on 8 March 2016.

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Centre for Business and Insolvency Law

While in South Africa recently, Professor David Burdette, Director of the Centre for Business and Insolvency Law at Nottingham Law School, addressed the annual conference of the Turnaround Management Association of Southern Africa on 8 March 2016 in Pretoria.

The event, organised by the Gordon Institute of Business Science, was held on the campus of the University of Pretoria in Johannesburg, where Professor Burdette also holds an appointment as Extraordinary Professor in the Law Faculty. The focus of the event was on Corporate Renewal, Business Turnaround and Rescue and addressed the experience in South Africa since the introduction of the new Business Rescue procedure under Chapter six of the Companies Act 2008.

In his speech, Professor Burdette, who is also an expert on South African law, gave an international perspective on restructuring and insolvency, measuring developments in South Africa against global standards and international best practice.

The topics addressed in the conference, at which papers by economists, policy-makers, academics and practitioners featured, are of some interest in South Africa, where the survival of business and associated employment are contemporary issues of great concern.

As part of his address, Professor Burdette was able to share some of his experience with the audience of his role as a consultant with the World Bank. In this capacity, he has been called upon to assist with insolvency law reform proposals in the region, including Lesotho, Malawi, Mauritius, the Seychelles and Zimbabwe, where the focus in legislative proposals has tended to centre on crafting responses to the phenomenon of business failure.

The Centre for Business and Insolvency Law, which has gained a reputation worldwide for the promotion of research and teaching in insolvency, sees it as part of its mission to reach out to academics, practitioners and the judicial community in Africa. This demonstrates the breadth and depth of the Centre’s commitment to foster critical thinking in insolvency and business matters within the insolvency community worldwide and, in particular, to encourage insolvency developments in emerging and developing economies.

Insolvency professor gives key speech at South African conference

Published on 17 March 2016
  • Category: Nottingham Law School

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