This might trigger a positive domino effect as well, as other states on grounds of international financial integration adopt similar procedures for controlled liquidation of their own insolvent banks. Zombie assets would be destroyed.

Time to Nationalize Insolvent Banks

Chapter VII Reorganization and Liquidation

Mandate downsizing and subsequent liquidation of the Mission

Mandate downsizing and subsequent liquidation of the Mission

Article 54 The Company shall make disclosure of the name of each liquidated fund, reasons for the termination of the fund contract and summary of the liquidation report contents, including the liquidation expense, the amount of the residual assets after liquidation, the balance (if any) of the residual assets after deducting the liquidation expense, and the distribution of such balance, etc.

(i) Reduction in the duration of the liquidation process

Its report on UNAMSIL contained a section on liquidation activities covering assets disposal, environmental clean up, high staff turnover, oversight during the liquidation phase and pending death and disability cases.

4 Disbandment reason and liquidation approach of the securities firm and

(68) The insolvency law should specify that where reorganization proceedings are converted to liquidation, any priority accorded to post commencement finance in the reorganization should continue to be recognized in the liquidation.

ATHENS The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity. Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible.

In addition, in Australia, the insolvency legislation provides for the liability of a holding (parent) company for the debts of a subsidiary company that became insolvent if it is established that the subsidiary was permitted by the parent to engage in insolvent trading.

There will be a further reduction of the liquidation personnel in April 2006.

It is planned that the Mission will have a six month liquidation period.

Proposed liquidation budget for the period from 1 July to 31 October 2005

The reduced requirements are attributable to the downsizing and subsequent liquidation of the Mission.

The reduced requirements are attributable to the downsizing and subsequent liquidation of the Mission.

The reduced requirements are attributable to the downsizing and subsequent liquidation of the Mission.

Greece s GDP, moreover, has shrunk by 25 since the start of the crisis in 2009. Its government is insolvent.

The reduced requirements are a result of the downsizing and subsequent liquidation of the Mission.

The reduced requirements are a result of the downsizing and subsequent liquidation of the Mission.

Any further budget proposal would reflect liquidation requirements to take the Court through its completion.

In the event that an insurance company is declared bankrupt, the People's Court shall appoint a liquidation task force which is composed of members from the financial supervision and regulation department and other relevant personnel to carry out the liquidation.

Following a review of the requirements and taking into account substantial progress achieved in the liquidation of UNMISET during the current financial period, the Mission determined that the proposed liquidation budget could be reduced by some 2.2 million, to 1,662,200.

And do not make your hand as chained to your neck or extend it completely and thereby become blamed and insolvent.

And do not make your hand as chained to your neck or extend it completely and thereby become blamed and insolvent.

(g) Guidelines that, in certain circumstances, provide for a parent company to be liable for the debts of an insolvent subsidiary.

The administrative component of UNAMSIL continues to plan for the Mission's liquidation and support for UNIOSIL.

The two companies subsequently went into liquidation by order of the same Court on 22 May 1991.

Another 1.5 trillion is needed to bring banks capital back to pre crisis level, which is needed to resolve the credit crunch and restore lending to the private sector. So, the US banking system is effectively insolvent in the aggregate most of the British banking system looks insolvent, too, as do many continental European banks.

A bankrupt Conference on Disarmament will eventually lead to an insolvent Treaty unless other multilateral channels are found to advance its disarmament agenda.

One in which we stop treating the planet as if it were some kind of business in liquidation.

In the last quarter of 2005 the Office of Internal Oversight Services was to audit the liquidation activities.

One of the company's employees entered a third party challenge to this ruling in an attempt to show that the company was not insolvent.

(d) Guidelines allowing an insolvency representative in the insolvency of a holding company to steer the actions to be taken by the (insolvent) subsidiary

18. Requests the Secretary General to ensure an orderly transition, including the transfer of assets, to the planned follow on mission the United Nations Integrated Office in Burundi and the efficient liquidation of the Operation's assets in accordance with the Operation's exit strategy and liquidation timetables

The net reduction of 50 civilian police is a result of the downsizing and subsequent liquidation of the Mission.

The reduced requirements for facilities and self sustainment are attributable to the downsizing and subsequent liquidation of the Mission.

The reduced requirements for communications and self sustainment are attributable to the downsizing and subsequent liquidation of the Mission.

Recognizing also the need for adequate support during all phases of peacekeeping operations, including the liquidation and termination phases,

UNAMSIL is therefore preparing a draft liquidation plan and preliminary disposal plan which should be completed by 30 June.

The Ministry of Defence has announced a tender with a view to selecting a company to carry out the liquidation.

The additional requirements were further due to an unbudgeted purchase of 40 sea containers for liquidation activities of the Mission.

Further savings will be realized from liquidation of obligations during the period from 1 July 2004 to 30 June 2005.

The Mission's operational activities, with the exception of the remaining liquidation tasks, are to be completed by 30 June 2005.