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单词 administration order
释义

Examplesofadministration order

administration order
An application to the court for anadministrationordermay be made by the company, the directors, a creditor or any combination of them.
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In countries that permit the making of anadministrationorder, the floating charge had another key benefit.
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So here the company was granted anadministrationorder, which led to its major creditor granting funding to continue four building contracts.
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Companies and other corporations enter into differently named legal insolvency procedures: liquidation and administration (administrationorderand administrative receivership).
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He withdrew his financial backing and as a result the club was subject to anadministrationorder.
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Certainly the prospects for the company, its employees and creditors look bleak if noadministrationorderis made and there has to be a winding up.
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Anadministrationorderwas made.
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In most cases this should be possible, since if theadministrationorderhas been rightly made the business should generally be sufficiently viable to hold down current outgoings.
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As already noted, the purpose of the prohibition is to enable or assist the company to achieve the object for which theadministrationorderwas made.
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This would appear to follow from the fact that theadministrationorderdirects that the affairs, business and property of the company are to be managed by the administrator.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/administration-order##
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更新时间:2024/12/28 8:49:53