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.

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.

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.

Article 59 In case an enterprise is ordered to close down, goes bankrupt under law, terminates its operations because of the expiration of its term of operation or is dissolved as decided by the investors, liquidation shall be carried out under the related laws, regulations and the articles of association.

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.

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

Moreover, the domestic courts had ultimately disregarded the fact that the 18 April 1990 ruling placing the affairs of Le Praley under court supervision had been struck down, since the 24 September 1996 judgement eventually confirmed the partnership's liquidation.

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

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.

The Secretary General proposes that an additional provision of 11.2 million be appropriated under section 3, Political affairs, of the programme budget for the biennium 2004 2005 on the understanding that any unused funds will be returned at the time of liquidation.

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.

On 28 March 1978, however, the court on its own decided to annul the previous liquidation and ordered a new one.

As of 30 June 2004, savings on SDS funds amounting to 397,322 from the liquidation of prior period obligations had accumulated.

In cases where taxpayers who owe duty undergo cancellation, disband, go bankrupt or terminate business in accordance with the law during the period when the bonded goods or goods entitled to duty exemption or reduction are under supervision, they shall report to the customs before liquidation.

Under the pre OMT regime, a capital outflow from Spain, whether through the sale of government bonds or the liquidation of private claims, resulted in tighter monetary conditions. The sale of sovereign bonds under the fixed exchange rate regime put direct upward pressure on their yields, while sales of private securities by foreigners had a similar effect, but through indirect channels.

The provisions made for the liquidation of UNMISET had operated until October 2005, thereby ensuring a smooth transition between the two missions.

In addition, the balance of 4.3 million of the subvention would be utilized to meet the liquidation of prior period outstanding obligations.

Some 87 administrative support staff will be retained to carry out the liquidation of UNAMSIL between 1 January and 30 June 2006.

The Committee further trusts that there will be no overlap of resources and expenditures as between UNOTIL, UNMISET and its liquidation budget.

The system now holds the key to fairness liquidation. Moreover, the Criminal Law of the People's Republic of China now includes bankruptcy fraud.