Cross-border debt restructuring and business rescue of Southgold Exploration Pty Ltd (Southgold).We acted as South African and English lead counsel to CS / SCB as the largest creditor of a South African mining company, Southgold, and its Canadian parent company, in its debt and equity restructure. This was one of the first business rescues brought under the new South African Companies Act, 2008, and is regarded as one of the biggest and most successful business rescues to date. The matter involved banking and finance law, corporate law, business restructuring law, litigation and mining law issues. The total value of approved creditor claims as at 4 July 2013 when business rescue plan was approved and creditors’ claims compromised, was ZAR 11 billion.