In the ever-evolving landscape of company insolvency, a significant reform took center stage in December 2022. The Insolvency Practitioners Act, 2022 (Act No. XXV of 2022) marked a pivotal development. This act's objective is succinctly described as "to provide for the transposition of Directive (EU) 2019/1023, and to regulate the insolvency practitioner, and to make provision for matters ancillary or incidental thereto or connected therewith....

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