Services
Corporate Insolvency, Liquidation and Business Rescue
Creditors face significant, and often unexpected, losses when their debtors go insolvent, and the debtor’s assets are sold off and the proceeds are applied to outstanding debts. Seldom are these proceeds enough to cover all the debts, leaving creditors with only partial recovery. Business rescue is an alternative process, which aims to restructure a company’s debts and help it continue operation. If managed correctly business rescue potentially offers a more favourable outcome to creditors, as it allows for the potential recovery of a larger portion of their debt .
M’Crystal & Co Attorneys monitor liquidation and business rescue proceedings to hold liquidators and BR practitioners to their mandate, participate in meetings of creditors and vote on matters, such as the appointment of a liquidator or the acceptance of a business rescue plan, to guarantee clients maximize returns.
Evictions, arrear rental and damages claims
In the event of an eviction, M’Crystal & Co Attorneys guide landlords through the steps necessary to terminate tenancy and recover unpaid rent and damages. Eviction refers to the legal process by which a property owner recovers occupation of a property from an unlawful occupier, or from a tenant pursuant to the termination of such tenant’s right to occupy the property.
While the property is unlawfully occupied, the property owner is unable to rent the property nor able to receive the full purchase price, should he try and sell it. M’Crystal & Co Attorneys will navigate the legal process expeditiously to mitigate any loss to landlords.
M’Crystal & Co Attorneys assist landlords to understand their rights to collect unpaid rent. We can facilitate the recovery of arrear rental by drafting demand letters, negotiating payment plans, instituting court proceedings and prosecuting legal claims.
Commercial litigation
M’Crystal & Co Attorneys provides commercial litigation services to banks and financiers seeking to recover funds in asset financing; working capital financing; sale agreements and credit facilities.
By recovering, and then selling financed assets we are able to recover the majority of the capital and interest owed by debtors. Our approach to shortfall litigation is dynamic and we work closely with our clients to develop strategies to maximise the recovery of funds; while preventing our clients throwing good money after bad.
We assist financiers in recovering funds provided to debtors for their day-to-day operating expenses. Our team of experts will help you structure a recovery plan; including perfecting notarial bonds to attach stock and other movables in the recovery of monies owing in working capital financing transactions.
We represent lenders in the recovery of funds for short-term or long-term credit loans. M’Crystal & Co Attorneys work closely with clients to help secure the best possible outcome.
Commercial law and drafting
M’Crystal & Co Attorneys’ goal is to provide clear, concise and effective legal solutions to clients; ensuring their agreements are tailored to specific needs and provide all the protection needed. While offering a complete range of commercial drafting services, our team has the understanding of legislative and common law; experience in drafting commercial agreements and to litigate on them, should a need arise.
M’Crystal & Co Attorneys exposure to the property industry has reaped invaluable experience in the negotiation and drafting of agreements for the valuation and sale of property portfolios.
Conveyancing and Notarial Services
M’Crystal & Co Attorneys has systems that streamline the handling of bond registration, transfers, and a complete range of conveyancing and notarial work. Technology, such as online platforms and digital signature tools reduces errors; which in turn results in faster turn-around times on registrations.
ALTERNATIVE POWER
With the increased unreliability of power supply, M’Crystal & Co Attorneys has invested in state of the art, alternative power solutions. This ensures no interruptions to any of the operations of the firm.
STORAGE OF INFORMATION
We strive to run law offices as paperless as legislation and court rules allow. This is done with the use of cloud storage; which makes the filing and retrieval of documents seamless and efficient.
All our documentation is stored in compliance with POPIA and PAIA and all the relevant regulations in terms thereof.