Sentence examples for receivership proceedings from inspiring English sources
The receivership proceedings could affect talks with General Motors, but they may also help pave the way for the sale of Daewoo Motor.
Analysts forecast that the receivership proceedings, which could take weeks, might progress quickly for Daewoo Motor because much is already known of its precarious finances.
"At the time of the filing, the value of the group's unsold inventory was €120 million, with about €200 million in bank debt," said Jean-Paul Poulain, a lawyer in Paris retained by the company to represent its interests in the receivership proceedings.
The UK's Financial Services Authority (FSA) says it expects the Icelandic authorities to put Landsbanki into insolvency proceedings after it went into receivership this morning.
If the institution has systemically important subsidiaries in foreign jurisdictions, the onset of an F.D.I.C. receivership would precipitate the commencement of foreign insolvency proceedings for all foreign operating subsidiaries, as occurred with Lehman.
But we are digressing from the horror at hand: With Mr. Burroughs's Battery Park building now in receivership, its creditor, Anglo Irish Bank, has begun foreclosure proceedings against its developer.
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".
South Korean corporate receiverships are similar in some ways to Chapter 11 bankruptcy proceedings in the United States.
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.
Daihyaku is in receivership.
Paramount went into receivership.
