Assessing the effectiveness of Voluntary Administration for corporate rescue in Mauritius: A comparative study with Australia.

Mahadew, Bhavna

A company may be placed under voluntary administration in order to arrange for its property, operations, and business to be managed in a way that either permits the company, or as much of its operations, to continue; or, in the event that the company or its operations cannot continue, produces a better return for the company's creditors and shareholders. Nonetheless, questions have been raised about its efficacy and if legislative change is necessary to improve the efficiency of business rescue in Mauritius. This study looks at whether voluntary administration in Mauritius has succeeded in achieving its stated objectives and if it has developed a suitable corporate rescue culture. The article argues that although voluntary administration is a useful and well-liked tool for corporate rescue in Mauritius and has generally achieved its stated legislative purposes, it is not the ideal framework for corporate rescue in Mauritius. The study proposes a number of potential legislative changes that would facilitate the development of the strong corporate rescue culture in Mauritius.

MAURITIUS; AUSTRALIA; INDUSTRIAL management; CORPORATE culture; BANKRUPTCY

African Journal of Law & Justice System, 2024, Vol 3, Issue 2, p109

2753-3115

Academic Journal

10.31920/2753-3123/2024/v3n2a6