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"It needed a managed wind-down.
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"Bidder 4 was provided with a final opportunity to provide proof of funding but this deadline passed and as such, in the absence of any other viable going concern offers, the joint administrators had no alternative but to announce the managed wind down of the business," the administrator said.
Away from tax, G20 members also agreed to carefully manage the wind-down of global economic stimulus measures.
Still, the company managed to wind down the company by turning over master leases to the majority of its tenants, keeping the startup's customers housed even as the startup went out of business.
If necessary, they may create a special fund to manage and wind down troubled assets.
It's a lush Sunday wind-down.
"Are you looking for a wind-down expert?
Have a "wind-down" routine when you get into bed.
The F.D.I.C. now has the power to take over a huge holding company, sell off the healthy parts, and — in theory, at least — manage a careful wind down.
That's a quite nice little wind-down.
Make it a nightly or weekly wind-down period.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com