These techniques are so widespread that most human languages have a word dedicated to its description. The reason for this emphasis on human thought and perceptual management is quite simple.
It takes far less effort to change someone's mind, than to change their living, working, or economic conditions.
Creditors are notified after the event, and have no claim against the buyer now operating the business.
Of the 20,000 or so companies that go into a formal process each year, approximately 600 to 700 are pre-packed.
As he held us spellbound for more than an hour, I found myself whispering to Sarah Mosoetsa, the head of the National Institute for the Humanities and Social Sciences, who also funded his trip: “This is vintage Ngugi.”By the way, I was thoroughly impressed by the respect Julius Malema showed Ngugi.Unlike many politicians who like to turn events into their own self-glorification, Malema showed humility and curiosity. As Julius Nyerere once said, leadership is the ability to say: “I don’t know, tell me more.” For that I give Malema a 10.Ngugi received the same kind of rapturous welcome in East London where the Daily Dispatch and the University of Fort Hare jointly hosted him.The reference to ‘pre-pack’ is to the fact that the sale is ‘pre-packaged’ or, more accurately, the process of marketing the business, the bidding procedure and negotiations are all conducted and essentially concluded prior to the commencement of the Administration, before the Administrators are in office, and before creditors are made aware of the failure of the business.All that remains to be done to complete the deal after the appointment of the Administrators is the dating of the transaction documents.