Your English writing platform
Discover LudwigSuggestions(1)
Exact(3)
Heaven knows what might happen if the government took Citigroup into receivership only to learn later that legally it had to somehow un-nationalise the bank.
That the state has since 1995 controlled the school district through a receivership only enhanced the opportunity for bold, surgical strikes.
That same month McLaren was sued by Rotten, and the Sex Pistols disappeared into receivership, only to be revived some years after the 1986 court case that restored control of their affairs to the group.
Similar(56)
In May, administrators placed Polity's budget in receivership, which permitted only administrative appointees to dispense student money.
The honourable members had originally wanted to hear from executive deputy chairman Mike Ashley, but were told that Mr Hellawell was better placed to answer questions concerning its fashion retailing arm, USC, which went into receivership in January only to be bought out of administration by another part of … you've guessed it, Sports Direct.
Their column states that the F.D.I.C.'s single receivership approach works only for domestic insolvencies because initiation of insolvency proceedings for the holding company will "precipitate the commencement of foreign insolvency proceedings for all foreign operating subsidiaries, as occurred with Lehman".
So in order to orderly take over large, systemically important banks, the FDIC receivership model works only for the bank leg of the bank; it does not work for the bank holding company or for its non-bank financial arms.
But receivership is still a step closer to bankruptcy.
But receivership is what the administration hopes to avoid.
Ferranti went into receivership in 1993, but some of its former works continue in other hands.
But the most glaring defect of a "single receivership" proposal is that it works only for purely domestic institutions.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com