South Africa has recently seen significant changes in the laws governing the winding-up and curatorship of banks registered in the country. Â These are important changes aimed at promoting financial stability, managing the failure of banks, and protecting depositors.
In this article, our experts consider the resolution and winding-up processes applicable to banks and recent case authority highlighting the interplay between the now-repealed provisions of the Banks Act and the new provisions of the Financial Sector Regulation Act. Â
The article was first published in Insolvency and Restructuring International, Vol 18 No 2, November 2024, and is reproduced by kind permission of the International Bar Association, London, UK. © International Bar Association.
