twitterlinkedinfacebookemailaddarrow-downarrow-outlinearrow-outline-downarrow-outline-leftarrow-outline-uparrow-upclosedownloadformat-pdfhelpinfoinfo-outlinelink-external-outlinemenusearchsource-handshakesource-klsource-web

A court order made in relation to an insolvent company, or one that is likely to become insolvent. The purpose of such an order is to preserve the company’s business, allow reorganisation, or to ensure the most profitable realisation of the company’s assets by placing it under the control of an administrator and protecting it from action by its creditors.

There is currently no content classified with this term.