Liquidation of assets. Which is hardly a crime.

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.

It administers financial liquidation of existing missions as it pertains to the disposal of equipment, supplies and other assets.

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

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.

This system also enables the immediate recognition of surplus assets in missions that have been downsized or are undergoing liquidation and provides commodity managers the flexibility to redistribute assets in lieu of new procurement.

H. The insolvency law should provide that, in determining the liquidation value of encumbered assets in a reorganization proceeding, consideration should be given to the use of those assets and the purpose of the valuation.

In some liquidation cases, the insolvency representative may find it necessary to use or sell encumbered assets (see below, paras.

3. In addition, the Advisory Committee has prepared separate reports on liquidation, final expenditures and disposition of assets for closed or consolidated missions as follows

Liquidation of missions

Part of liquidation.

Liquidation of MIPONUH

Under the terms of the Liquidation Manual (June 2003), an exit strategy and liquidation plan should drive the liquidation process in respect of missions.

A member that has ceased to be a party to this Agreement shall not be entitled to any share of the proceeds of liquidation or the other assets of the Organization.

quot (7) Insolvency administrator means a person or body, including one appointed on an interim basis, authorized to administer the reorganization or liquidation of the assignor apos s assets.

liquidation period

UNSMIH liquidation

UNTMIH liquidation

Liquidation Unit

(e) Liquidation.

(e) Liquidation.

Liquidation Unit

The stay of actions or of enforcement proceedings is necessary to provide a breathing space until appropriate measures are taken for reorganization or fair liquidation of the debtor apos s affairs and assets.

Expenditure Liquidation of prior period obligations

iv. Liquidation Unit

UNOMILb UNPF liquidation

This reduction in liquidation timescales translates directly into significant savings in liquidation budgets.

(e) Insolvency administrator means a person or body, including one appointed on an interim basis, authorized in an insolvency proceeding to administer the reorganization or liquidation of the assignor's assets or affairs

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.

The Mission had donated to the local authorities 193 vehicles without the prior authorization of Headquarters.7 For missions under liquidation, the Board also noted serious shortcomings in the procedures followed for disposal of assets.

Audit of liquidation of the Mission environmental issues

Planning and liquidation management

Total person months Liquidation

Post liquidation period requirements

70. Mission Liquidation Officer

No vacancy factor was applied to missions in liquidation (UNPF liquidation and central support and UNSMIH).

By December 1997, 20 months after the start of the liquidation, several key tasks remained to be completed, including the closure of the Mission s account full acknowledgement of assets transferred and the preparation of the Secretary General s report.

Mandate downsizing and subsequent liquidation of the Mission

Mandate downsizing and subsequent liquidation of the Mission

III. Requirements for completion of the liquidation tasks

Chapter VII Reorganization and Liquidation

To prevent fraud, an acute problem in the past, the new law established a right of rescission, whereby the receiver can ask courts to rescind any action by a debtor that involves fraud, evasion, or unfair liquidation in the prescribed period before a bankruptcy petition is accepted and assets recovered. The system now holds the key to fairness liquidation.

130. During the first nine months of the liquidation, UNPF had insufficient staff with experience or proven expertise in the liquidation of peacekeeping missions.

(b) Foreign representative means a person or body authorized in a foreign proceeding to administer the reorganization or the liquidation of the debtor apos s assets or affairs or to act as a representative of the foreign proceeding

(i) Reduction in the duration of the liquidation process