In the current economic climate, disputes, particularly payment
disputes, are rife. Consider the following scenario. You arrive at
work early on Monday morning, to discover that the supplier with
whom you have been having a long-running but relatively minor
dispute over payment, has secured a winding up order against your
company and appointment of a liquidator from the court. Or, equally
distressing, a sheriff officer appears at your door with another
form of court order in his hand - an interdict - stopping you from
carrying out a key part of your business activities.
As if the consequences of such orders are not bad enough, one of
the most distressing aspects of having orders such as these served
against your company is that it often comes as a complete surprise,
but one that has the potential to turn your business inside
out.