Administration (law)

As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going into administration. A company in administration is operated by the administrator (as interim chief executive) on behalf of the creditors as a going concern while options are sought short of liquidation. These options include recapitalising the business, selling the business to new owners, or demerging it into elements that can be sold and closing the remainder.

Administration differs from receivership in that it is usually carried out by a judicial authority, whereas receivership is called in by the bank or creditors involved.

Australia

In Australia there are two related processes: voluntary administration and deeds of company arrangement which are also supervised by an administrator.

Latest News for: Administration law

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MAILBAG: Illegal border crossings threaten our country

Lockport Union-Sun 22 Jun 2021
Laws allow us to protect our homes and to remove and prosecute anyone who enters them without our approval. Under federal law, the Administration has a similar responsibility to protect the border of our country, the border of our collective home....
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Biden will push to end crack cocaine disparity that he helped create: report

Raw Story 22 Jun 2021
"At a Senate Judiciary Committee hearing Tuesday, Regina LaBelle, the acting director of the White House Office of National Drug Control Policy, plans to express the administration's support for the Eliminating a Quantifiably Unjust Application of the Law Act, or Equal Act....
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Hainan FTP to streamline approval process, widen market access

China Daily 22 Jun 2021
BEIJING - China's Hainan free trade port (FTP) will further simplify its approval procedures and broaden market access through a recently enacted law on the construction of the FTP, an official said Monday....
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St. Louis city, county sue to block new Missouri gun law

The Joplin Globe 22 Jun 2021
Louis County filed a lawsuit Monday seeking to block Missouri's new law barring state and local authorities from enforcing federal gun laws, saying the law would increase the risk of gun violence in a state already drowning in it ... The law, which Republican Gov ... Louis Mayor Tishaura Jones said the law is not only unconstitutional but dangerous....
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St. Louis city and county sue to block new Missouri gun law

Detroit news 22 Jun 2021
Louis County filed a lawsuit Monday seeking to block Missouri’s new law barring state and local authorities from enforcing federal gun laws, saying the law would increase the risk of gun violence in a state already drowning in it ... The law, which Republican Gov ... Louis Mayor Tishaura Jones said the law is not only unconstitutional, but dangerous....
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US Supreme Court says over 250 patent judges were improperly appointed

Straits Times 22 Jun 2021
A panel of judges on the Patent Trial and Appeal Board, an administrative tribunal in the executive branch created by the 2011 law, ruled that Arthrex's patents were invalid ... The appeals court's solution to the constitutional problem was to strike down a part of the law that protected the patent judges from being fired without cause....
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Report: DOJ officials likely didn't create hostile workplace

Hastings Tribune 22 Jun 2021
(AP) — Three high-level state Justice Department administrators likely didn't ... Kaul's request came after Division of Law Enforcement Services Administrator Tina Virgil filed a federal complaint in April alleging that she was being underpaid and harassed because she's a Black woman....
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Senior Center estate seminar

Lake County Examiner 22 Jun 2021
Attorneys at law in Bend ... Hurley Re Attorneys at Law is one of the top estate planning firms in the Central Oregon area and they have expertise and knowledge to help people through the many different areas of elder law, wills, probate, trust administration, incapacity planning, gifts, tax planning and real estate....
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Carter County Commission establishes county redistricting committee

Johnson City Press 22 Jun 2021
It will be made up of the eight members of the Rules and By-laws Committee of the Carter County Commission, the Carter County administrator of elections, the director of the Carter County Planing Commission and the Carter County assessor of property....
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Law to boost Hainan business environment

China Daily 22 Jun 2021
On June 10, China passed a law on the Hainan Free Trade Port, ... "It is conducive to not only forming a system of governance with clearly defined duties and obligations and administration in line with the law, but also further stimulating the vitality of market players," Cui added....
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Daniel Ortega Is an Autocratic Thug, but Washington Should Leave Him Alone

Antiwar 22 Jun 2021
... administration to take action ... In addition to imprisoning political opponents, Ortega’s administration has pushed through a new law prohibiting the publication of any information the government classifies as "false news," –effectively silencing the opposition press....
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NC State Highway Patrol launches operation to reduce crashes of commercial vehicles

The Robesonian 22 Jun 2021
The NCSHP and law enforcement partners in adjoining states ... “This is an important initiative and we are excited to further our partnership with the Federal Motor Carrier Safety Administration and with state law enforcement agencies from across the Southeast,” said Col....
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Off-the-clock officers acting as on-duty cops: Alex Gonzales death shows need for restraint, experts say

Runnels County Register 22 Jun 2021
The investigations into Gonzales’ death by the Police Department's special investigations unit and internal affairs division and the Travis County district attorney’s civil rights division will look into whether both officers were justified in using lethal force under Texas law and the department's administrative policy....
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