Sentence examples for receivership law from inspiring English sources

The suit calls the receivership law "undemocratic," saying it violates the separation of powers doctrine by giving Mr. Pfeiffer executive and legislative powers.

Operating under the most extreme receivership law found anywhere in the United States, these emergency managers had the power to break collective bargaining agreements, abolish city ordinances, fire employees, sell off city assets, and slash the healthcare benefits of retirees.

Items on Hanjin ships or at cargo terminals could be stranded for days or months while the company tries to secure funding to pay port fees, said Richard P. Ormond, a partner with law firm Buchalter Nemer specializing in receivership law.

Debt and declining newsprint demand in North America led the company to seek Chapter 11 bankruptcy protection in Delaware, as well as similar protection under Canadian receivership laws, in April 2009.

In April 2009, with sales at a near standstill, debts mounting and the company's stock sliding below €3 a share, the Rodriguez Group filed for protection under French receivership laws.

Receivership, in law, the judicial appointment of a person, a receiver, to collect and conserve certain assets and to make distributions in accordance with judicial authorization.

It is the first district to be taken into receivership after a 2010 law empowered the state board of education to take such action on "chronically underperforming" schools.

On Tuesday, a Florida judge placed Mr. Rothstein's law firm in receivership after his partner sued and federal authorities began investigating whether he defrauded investors of up to $400 million with a Ponzi scheme based on selling legal settlements.

Just 19 days before the city went into receivership, the Rhode Island state legislature passed a law granting priority to bondholders over other claimants in municipal bankruptcy proceedings.

But the court ruled that the law was constitutional because the receivership was temporary and Mr. Moreau had not been removed from office.

Under the law, local governments can extend receiverships for companies with at least 5,000 employees to as long as 10 years, compared with 18 months for other concerns.