Injunctions on Performance Bonds

Injunctions on Performance Bonds

Stopping the Call on Performance Bonds A performance bond serves as a guarantee to a beneficiary for the performance of contractual obligations owed by a third-party. Performance bonds are widely adopted in the construction industry, whereby the third-party...
Alternatives to Retrenchment

Alternatives to Retrenchment

Retrenchment should always be perceived as the “last resort” for a business. We explore some alternatives to retrenchment that employers can consider to maintain business viability while retaining their workforce. Reorganization Over the years, the functions of a...