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	<title>Eric Levenstein Archives - Werksmans Attorneys</title>
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	<title>Eric Levenstein Archives - Werksmans Attorneys</title>
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		<title>Eric Levenstein</title>
		<link>https://werksmans.com/team-members/eric-levenstein/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=eric-levenstein</link>
		
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		<pubDate>Thu, 10 Apr 2025 12:49:36 +0000</pubDate>
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					<description><![CDATA[<p>Eric Levenstein has been a Director of Werksmans Attorneys since 1993 and is the head of the firm’s Insolvency &amp; Business Rescue Practice. He has a particular focus on litigation, business rescue and insolvency, with expertise extending to director liability issues. He regularly delivers seminars and writes for various publications on these topics, among others. He  [...]</p>
<p>The post <a href="https://werksmans.com/team-members/eric-levenstein/">Eric Levenstein</a> appeared first on <a href="https://werksmans.com">Werksmans Attorneys</a>.</p>
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										<content:encoded><![CDATA[<div class="fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap" style="max-width:1248px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-1"><p><strong>Eric</strong> <strong>Levenstein</strong> has been a Director of Werksmans Attorneys since 1993 and is the head of the firm’s Insolvency &amp; Business Rescue Practice. He has a particular focus on litigation, business rescue and insolvency, with expertise extending to director liability issues. He regularly delivers seminars and writes for various publications on these topics, among others. He served as the Chairperson of the South African Restructuring and Insolvency Practitioners Association (SARIPA) for 6 years (2019 to 2024). He is Chair of the Insolvency Practitioners Group (IPG) of INSOL International &#8211; Global Association of Restructuring, Insolvency &amp; Bankruptcy Professionals. Eric is also a co-chair of the INSOL Africa Advisory Council. Eric has BCom and LLB degrees, Higher Diplomas in Company Law and Tax, a Diploma in Insolvency Law and a Doctorate of Laws in Business Rescue. Eric was appointed as an Adjunct Professor in the Commercial Law Department, University of Cape Town in 2025.</p>
<p><em>Experience: 35</em><em> </em><em>years</em></p>
</div><div class="accordian fusion-accordian" style="--awb-border-size:0px;--awb-icon-size:15px;--awb-content-font-size:14px;--awb-icon-alignment:left;--awb-hover-color:var(--awb-color2);--awb-border-color:hsla(var(--awb-color7-h),var(--awb-color7-s),calc( var(--awb-color7-l) + 69% ),var(--awb-color7-a));--awb-background-color:var(--awb-color1);--awb-divider-color:var(--awb-color4);--awb-divider-hover-color:var(--awb-color4);--awb-icon-color:var(--awb-custom_color_6);--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);--awb-icon-box-color:var(--awb-color8);--awb-toggle-hover-accent-color:var(--awb-color5);--awb-toggle-active-accent-color:var(--awb-custom_color_6);--awb-title-font-family:&quot;Montserrat&quot;;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-title-font-size:15px;--awb-content-font-family:&quot;Montserrat&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;"><div class="panel-group fusion-toggle-icon-unboxed" id="accordion-9883-1"><div class="fusion-panel panel-default panel-dba397c55a0b9cc86 fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_dba397c55a0b9cc86"><a aria-expanded="false" aria-controls="dba397c55a0b9cc86" role="button" data-toggle="collapse" data-target="#dba397c55a0b9cc86" href="#dba397c55a0b9cc86"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Practice areas</span></a></h4></div><div id="dba397c55a0b9cc86" class="panel-collapse collapse " aria-labelledby="toggle_dba397c55a0b9cc86"><div class="panel-body toggle-content fusion-clearfix">
<p>Insolvency &amp; Business Rescue</p>
</div></div></div><div class="fusion-panel panel-default panel-8cbb052b84fd6dbf0 fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_8cbb052b84fd6dbf0"><a aria-expanded="false" aria-controls="8cbb052b84fd6dbf0" role="button" data-toggle="collapse" data-target="#8cbb052b84fd6dbf0" href="#8cbb052b84fd6dbf0"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Expertise</span></a></h4></div><div id="8cbb052b84fd6dbf0" class="panel-collapse collapse " aria-labelledby="toggle_8cbb052b84fd6dbf0"><div class="panel-body toggle-content fusion-clearfix">
<p>Insolvency, Business Rescue &amp; Restructuring</p>
</div></div></div><div class="fusion-panel panel-default panel-cdf052f76f4e40f61 fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_cdf052f76f4e40f61"><a aria-expanded="false" aria-controls="cdf052f76f4e40f61" role="button" data-toggle="collapse" data-target="#cdf052f76f4e40f61" href="#cdf052f76f4e40f61"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Relevant Experience</span></a></h4></div><div id="cdf052f76f4e40f61" class="panel-collapse collapse " aria-labelledby="toggle_cdf052f76f4e40f61"><div class="panel-body toggle-content fusion-clearfix">
<p>Advised / Represented / Acted on behalf of:</p>
<ul>
<li><strong>Comair Limited</strong>, its business rescue practitioners and its liquidators, in its business rescue and liquidation proceedings involving the recognition of Comair&#8217;s insolvency proceedings in the US Bankruptcy Court, New York and litigation against The Boeing Company in Seattle, Washington State (USA)</li>
<li><strong>Differential Capital (Pty) Ltd </strong>in its acquisition of certain of the mining subsidiaries of Murray &amp; Roberts Limited (in business rescue)</li>
<li>The liquidators of <strong>Tupperware Southern Africa </strong>in advising on the administration of the company in its liquidation proceedings</li>
<li>The Business Rescue Practitioners of <strong>Black Chrome Mine (Pty) Ltd</strong>. This was shortlisted by <em>dealmakers </em>for Business Rescue Transaction of the Year (2024)</li>
<li><strong>USA based individuals </strong>in the foreign recognised liquidation proceedings of Mirror Trading International (Pty) Ltd (in liquidation) (&#8220;MTI&#8221;)</li>
</ul>
<ul>
<li><strong>Dewcrisp </strong>in the urgent application to court in terms of section 131 of the Companies Act and the drafting of the business rescue plan. This deal was shortlisted by <em>dealmakers </em>for Business Rescue Transaction of the Year (2023)</li>
<li>The shareholder (and creditor) of <strong>Gov Chat</strong> <strong>(Pty)</strong> <strong>Ltd</strong> in its business rescue proceedings</li>
<li>The provisional liquidators of the <strong>South African Post Office </strong>in its liquidation proceedings</li>
<li>The business rescue practitioners of <strong>Piotrans</strong><strong> t/a Rea Vaya</strong>, a bus rapid transit system operating in Johannesburg, South Africa</li>
<li>A large group of <strong>foreign</strong> <strong>creditors</strong> (noteholders) in the business rescue proceedings of <strong>Southgold</strong><strong> Exploration (Pty) Ltd</strong></li>
<li>A consortium of <strong>international</strong> <strong>lenders</strong> (UK) in connection with finance and restructuring advice of <strong>Lonmin</strong> (mining) and <strong>Edcon</strong></li>
<li>(retail)</li>
<li>The business rescue practitioners of <strong>Optimum</strong> <strong>Coal</strong> <strong>Mine</strong> and <strong>Andalusite</strong> <strong>Mine</strong></li>
<li>The administrators of <strong>Nortel</strong> <strong>Networks</strong> <strong>(UK)</strong> <strong>(</strong>multi-national telecommunications) in a liquidation matter in respect of its South African subsidiary</li>
<li>The foreign trustees of <strong>sunedison</strong> <strong>Inc</strong> in respect of the local wind-down of their South African subsidiaries</li>
<li>Nedbank, a major creditor of <strong>Stuttafords</strong> (retail) in the course of its business rescue proceedings</li>
<li>The directors and shareholders of <strong>South</strong> <strong>African</strong> <strong>Calcium</strong><strong> Carbide </strong>in respect of its business rescue proceedings</li>
<li><strong>Standard</strong> <strong>Bank</strong> in respect of its exposure to <strong>CMC</strong> <strong>Ravenna</strong> <strong>(Italian)</strong></li>
<li><strong>South</strong> <strong>African</strong> <strong>Airways</strong> and <strong>Mango</strong> <strong>Airlines</strong> <strong>SOC Ltd</strong> in Mango&#8217;s business rescue proceedings</li>
<li>A major foreign conglomerate in the IT industry in respect of major litigation in the South African Court</li>
<li><strong>Nedbank</strong>, <strong>Standard Bank</strong>, <strong>Sasfin Bank</strong>, <strong>Investec Bank </strong>and <strong>Absa Bank </strong>in respect of the recovery of corporate debt exposure in various financially distressed companies</li>
<li>The business rescue practitioners of <strong>Basil Read, Group Five</strong>, and <strong>Consolidated Infrastructure Group </strong>(construction)</li>
<li>Directors, shareholders, creditors, business rescue practitioners and liquidators on their rights in business rescue and insolvency proceedings including cross-border issues</li>
<li>Foreign and local clients in respect of the effect that relevant legislation will have on securities held by such clients in various companies filing for business rescue and insolvency proceedings</li>
<li>Various shareholders and directors in respect of disputes involving corporate governance and liability issues</li>
<li>Numerous clients as to the impact of the insolvent trading provisions of the Companies Act on the personal liability of directors</li>
</ul>
</div></div></div><div class="fusion-panel panel-default panel-59cfdc52cf312385d fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_59cfdc52cf312385d"><a aria-expanded="false" aria-controls="59cfdc52cf312385d" role="button" data-toggle="collapse" data-target="#59cfdc52cf312385d" href="#59cfdc52cf312385d"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Career</span></a></h4></div><div id="59cfdc52cf312385d" class="panel-collapse collapse " aria-labelledby="toggle_59cfdc52cf312385d"><div class="panel-body toggle-content fusion-clearfix">
<ul>
<li>LLD – Doctorate of Laws (Business Rescue), University of Pretoria, 2016</li>
<li>Diploma in Insolvency Law, University of Johannesburg, 1997</li>
<li>Higher Diploma in Tax, University of the Witwatersrand, 1993</li>
<li>Higher Diploma in Company Law, University of the Witwatersrand, 1991</li>
<li>LLB, University of the Witwatersrand, 1986</li>
<li>BCom, University of KwaZulu-Natal, 1984</li>
</ul>
</div></div></div><div class="fusion-panel panel-default panel-72f656d80e988da4e fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_72f656d80e988da4e"><a aria-expanded="false" aria-controls="72f656d80e988da4e" role="button" data-toggle="collapse" data-target="#72f656d80e988da4e" href="#72f656d80e988da4e"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Highlights</span></a></h4></div><div id="72f656d80e988da4e" class="panel-collapse collapse " aria-labelledby="toggle_72f656d80e988da4e"><div class="panel-body toggle-content fusion-clearfix">
<ul>
<li>Appointed Chairman of the South African Restructuring and Insolvency Practitioners Association (SARIPA) for 6 years (2019- 2024)</li>
<li>Appointed Board Member of INSOL International (a worldwide group of Insolvency Practitioners) from 2018 to 2023</li>
<li>Appointed Chairman of the INSOL Insolvency Practitioners Group (IPG) in 2021. The committee is made up of a working group of international lawyers, accountants and insolvency practitioners with a focus on cutting-edge issues involving insolvency, rescue and liquidation</li>
<li>Appointed Co-Chair of INSOL&#8217;s African Advisory Council in 2022</li>
<li>Recognised in international rating publications as a:
<ul>
<li>Ranked lawyer (Band 1) by <strong><em>Chambers</em></strong> <strong><em>Global</em></strong> | 2017- 2026 | Restructuring / Insolvency &#8211; 9 years ranked in Band 1</li>
<li>Thought Leader Africa by <strong><em>Who&#8217;s</em></strong> <strong><em>Who</em></strong> <strong><em>Legal</em></strong> | 2023 | Asset Recovery</li>
<li>Ranked as a leading lawyer by <strong><em>Who&#8217;s</em></strong> <strong><em>Who</em></strong> <strong><em>Legal</em></strong> | 2014, 2016 – 2020, 2023, 2024 | Restructuring &amp; Insolvency</li>
<li>Ranked by <strong><em>Best</em></strong> <strong><em>Lawyers</em></strong> | 2023 | Insolvency and Reorganisation Law</li>
<li>Ranked as a highly commended lawyer by <strong><em>The</em></strong> <strong><em>Legal</em></strong> <strong><em>500</em></strong> | 2012 – 2017 | Dispute Resolution (Business Rescue)</li>
<li>Ranked as a recommended lawyer by <strong><em>PLC</em></strong> <strong><em>Which</em></strong> <strong><em>Lawyer</em></strong> | 2013 | Restructuring and Insolvency</li>
</ul>
</li>
<li>Has given numerous presentations on insolvency, business rescue and directors’ liability</li>
<li>Regular contributor to the media on the effect of business rescue on companies and creditors, insolvency and directors’ liability</li>
<li>Contributor to the German Münchener Kommentar on South African Insolvency Law – EuInsVO 2015 (updated in 2025)</li>
</ul>
</div></div></div><div class="fusion-panel panel-default panel-01f239cc7e1512e3c fusion-toggle-has-divider" style="--awb-title-color:var(--awb-custom_color_6);--awb-content-color:var(--awb-color8);"><div class="panel-heading"><h4 class="panel-title toggle" id="toggle_01f239cc7e1512e3c"><a aria-expanded="false" aria-controls="01f239cc7e1512e3c" role="button" data-toggle="collapse" data-target="#01f239cc7e1512e3c" href="#01f239cc7e1512e3c"><span class="fusion-toggle-icon-wrapper" aria-hidden="true"><i class="fa-fusion-box active-icon awb-icon-minus" aria-hidden="true"></i><i class="fa-fusion-box inactive-icon awb-icon-plus" aria-hidden="true"></i></span><span class="fusion-toggle-heading">Authorship</span></a></h4></div><div id="01f239cc7e1512e3c" class="panel-collapse collapse " aria-labelledby="toggle_01f239cc7e1512e3c"><div class="panel-body toggle-content fusion-clearfix">
<ul>
<li>Author of <strong>South African Business Rescue Procedure</strong> (published in October 2017 by Lexis Nexis) and updates</li>
</ul>
</div></div></div></div></div></div></div></div></div>
<p>The post <a href="https://werksmans.com/team-members/eric-levenstein/">Eric Levenstein</a> appeared first on <a href="https://werksmans.com">Werksmans Attorneys</a>.</p>
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