Sentences with phrase «insolvent companies»
Insolvent companies are those that cannot pay their debts or bills because they don't have enough money. They are financially unstable and may face bankruptcy or go out of business. Full definition
Kelly acts for receivers and liquidators and assists with complicated receiverships and pursuing claims against directors of insolvent companies for breaches of directors» duties.
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This can create timing difficulties for insolvent companies which are in or approaching a financial crisis, particularly when (as is frequently the case) the Cayman company's shares are publicly listed on a foreign exchange.
Represented creditors of insolvent companies in schemes of arrangement and judicial management.
Meanwhile, heavy state influence has distorted corporate governance and kept afloat insolvent companies.
«In most businesses, of course, insolvent companies run out of cash.
«The cherry on top is that China itself is now trapped: it simply can't afford to let anyone default, as one bankruptcy would cascade across the entire bond market and wipe out countless corporations leaving millions of angry Chinese workers unemployed, and is therefore forced to keep bailing out insolvent companies over and over.
Regulators don't want insolvent companies, so they constrain companies into safe assets using risk - based capital charges.
But do do deals with insolvent companies.
As I've said before, I find it hard to invest in (what looks like) a low risk / easy reward transaction when I can't confirm the underlying value... And with this deal, I just don't see the 3.92 cts per share that's been promised as a shareholder payout... All I see are worthless shares in a hopelessly insolvent company — and I thought some shareholders would see the same thing and bail out at any price.
Obviously TUPE has the potential to affect insolvent companies.
He is used to chasing insurers of insolvent companies in order to recover compensation for his clients.
(CNOOC is nothing if not determined: it already owns Nexen's former partner at Long Lake, Opti Canada, having bought that insolvent company last year for $ 2.1 billion.)
It's something that recently became an issue in Canada, when Sears Canada laid off employees without severance, while executives of the insolvent company were offered retention bonuses.
The Gilt Edge Mine in South Dakota was a gold mine that an insolvent company abandoned in the late 1990s, leaving behind 150 million gallons of acidic heavy - metal - laden water, as well as millions of cubic yards of acid - generating tailings.
What is a fair and just method of distribution of an insolvent company's assets amongst creditors if its assets have been commingled into a single mixed bulk, and the proceeds are insufficient to satisfy every secured claim?
A search order in respect of 3 properties used by or owned by the former executives of an insolvent company.
The former lawyers for the insolvent companies of a New Brunswick potato farmer jailed in Lebanon have had their fees slashed by a judge who found they would bankrupt the companies if they were paid in full.
The Insolvent Companies (Disqualification of Unfit Directors) Proceedings (Amendment) Rules 2007 (SI 2007/1906) came into force on 6 August 2007 and settled it.
Most obviously, it removed the need for the insolvent company to obtain a court order to enter into administration.
Brett also has significance experience representing and counseling officers and directors of insolvent companies, including defense of alleged breach of fiduciary duty claims and other claims of malfeasance.
The law gave this insolvent company the right to file bankruptcy.
One example where the original wording of the Directive has been used without further explanation or example, necessitating much litigation to clear things up, is on the question of whether TUPE applies to the sale of the business of an insolvent company.
Public sector: Transport for London on the restructuring of Metronet which involved the first pension scheme rescue of an insolvent company
The reason DIP lenders get a super priority is because they take on an enormous risk by lending to an insolvent company that has already given a security interest in all its present and after acquired assets.
We act for insolvency practitioners, debtors and creditors, and for shareholders and directors of insolvent companies.
Acting for a liquidator against former directors and former auditors of an insolvent company.
In addition, Neil specialises in insolvency work and has undertaken numerous restructurings of insolvent companies.
holding the insolvent company to ransom (for example, by exercising a contractual right to switch tariffs, raise prices or change payment terms).
Represented liquidators in the winding up of insolvent companies, including investigations into breaches of fiduciary duties of directors, unfair preferences and undervalue transactions.
Although directors of an insolvent company must act in the best interests of that company's creditors, there is no wider duty in a group context.
There is scope for these legal reforms to have a significant impact on the commercial interests of creditors of insolvent companies and other stakeholders.
The learned Judge dismissed the insolvent company's application for the appointment of restructuring provisional liquidators on the grounds that the directors had not been authorised to make the application.
The sale of the insolvent company did not provide enough funding to repay loans Indalex had taken under a debtor - in - possession agreement with its U.S. parent company.
More fundamentally, it can give undue leverage to shareholders who may no longer have an economic interest in the insolvent company.
The directors are then placed in a problematic circumstance where their defence costs can not be borne by the insolvent company, and the proceeds of the policy are expended in favour of the creditors.
Finally, where a lawyer is representing a creditor vis - à - vis an insolvent company, he needs to ensure that the client's claim is properly substantiated within the required timeframe, as otherwise the claim will be rejected.
Ros has particular expertise in litigation arising following corporate insolvencies, particularly complex fraud claims against former directors and employees of insolvent companies, claims against auditors and counterparties.
Helen also has a particular specialism in insolvency and has acted in both corporate and personal insolvencies; and for Insolvency Practitioners, directors of insolvent companies and petitioning creditors.
Established by each state to pay covered claims of policyholders of an insolvent company.