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Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation or receivership following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. wind-up order in Australia) or voluntary (sometimes referred to as a shareholders ...
In most jurisdictions, a liquidator's powers are defined by statute. [3] Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors .In the United Kingdom, see sections 165-168 of the ...
The harshness of the doctrine of constructive notice is somewhat reduced by the "Rule of Indoor management" or "Turquand's Rule". The rule derives its name from the case of Royal British Bank v Turquand, where the defendant was the liquidator of the insolvent Cameron's Coalbrook Steam, Coal and Swansea and Loughor Railway Company.
These operations are handled by the shipping agent on behalf of the ship owner. There could be two ways in which the shipping agents may become appointed or nominated to provide agency services. First, on the basis of the ship owner's own choice from the free agency services market. Second, on the basis of the relevant provisions of the charter ...
It’s known as LL Flooring these days.
Where a liquidator is appointed by the court he is known as the "Official Liquidator". The Official Liquidator reports to an official of the High Court known as the Examiner, and may be required to account directly to the court for his actions. An Official Liquidator deals with the company's assets in the same way as a liquidator appointed in a ...
The California Commission on Judicial Appointments is a body of the government of California established in its current form in 1979 that is responsible for reviewing and confirming justices appointed by the Governor of California to the Supreme Court of California and judges appointed by the Governor to the California Courts of Appeal. [1]