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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Judge: NE Iowa Community College had cause to fire leader

The Gazette Cedar Rapids 30 May 2024
Riedel was announced for the presidential role in February 2022 but was placed on administrative leave in October 2023 after a series of closed sessions ... A private hearing was held in late March about Riedel’s possible termination, according to a news release, overseen by an administrative law judge hearing the matter....
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A critical race theory ban that centered on Beyoncé’s ‘Formation’ was just overturned

The Daily Dot 30 May 2024
A New Hampshire state law that restricted how public school teachers taught subjects like race, gender, sexuality, and disability was ruled unconstitutional by a federal judge this week. In 2022, the law was used to investigate a teacher who showed Beyoncé's "Formation" music video to her students. The law, N.H ... He also said the law was redundant....
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NYC’s top lawyer officially leaves as Adams admin lobbies for Randy Mastro as replacement

New York Post 30 May 2024
NYC’s top attorney has formally resigned from her post weeks after it emerged that the Adams administration was trying to replace her with the controversial litigator Randy Mastro, The Post has learned ... “I thank you for your exceptional contributions, which have helped the Law Department remain a beacon of public service.”....
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Senators pressure Biden administration to crack down on fentanyl sales through cryptocurrency

CNN 30 May 2024
The Biden administration has in the last year announced multiple initiatives involving law enforcement, intelligence gathering and anti-money laundering capabilities across the federal bureaucracy to track and intercept fentanyl proceeds....
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Search for new Branch County administrator officially underway

The Daily Reporter 30 May 2024
BRANCH COUNTY — Michigan Leadership Institute consultant Chet Janik posted the job of county administrator to replace retiring Bud Norman on various websites, newspapers, and job boards, commissioners were told on Tuesday ... 31 under state law ... Norman holds the title of administrator/controller....
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Retirement requests flood Ministry of Social Affairs post-pension increase

Arab Times 30 May 2024
The Administrative Affairs Department at the Ministry of Social Affairs has received approximately 600 retirement applications since adopting the new law increasing the minimum pension in November ... The number of applications is expected to increase as employees rush to capitalize on the new law’s benefits before any possible amendments....
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Foreign governments and activists criticize Hong Kong security law verdicts. China defends them

Wtop 30 May 2024
The Hong Kong 47 verdicts violate international law and treaty obligations,” their statement wrote ... Foreign Ministry spokesperson Mao Ning said the central government firmly supports the law enforcement and judicial authorities of the Hong Kong special administrative region in punishing all kinds of acts that undermine national security....
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‘Scandalising’ contempt

Dawn 30 May 2024
These contempt proceedings raise a number of issues concerning the rule of law and ... Judicial contempt is related to “lowering the authority of a court in the minds of the public” and “bringing the authority of a court or the administration of law into disrespect or disrepute”....
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INTERVIEW: ‘Pure Protectionism’

Hamodia 30 May 2024
Stiefel Center for Trade Policy Studies, discusses the Biden administration’s raising tariffs on electric vehicles (EV’s) and other products from China. Lincicome is also senior visiting lecturer at Duke University Law School, where he has taught international trade law and policy. ....
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New Hampshire refuses to reinstate license of trucker acquitted in deadly crash

Beaumont Enterprise 30 May 2024
But an administrative law judge for the Department of Safety said on Thursday that Zhukovskyy is subject to a state law that allows ......
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Effective tax refund regime, a catalyst to boost voluntary tax compliance

Ghana Business News 30 May 2024
... they seek to enforce especially in instances where tax laws confer some benefits to taxpayers ... f) Policy makers and tax administrators should not equate tax administration to only tax collection, but a comprehensive activity to enforce tax laws to the benefit of all stakeholders....
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Manila violating international law with US support

China Daily 30 May 2024
By frequently provoking China and spreading false narratives, the Philippines has breached international law. First, Manila illegally initiated the South China Sea arbitration case in 2013, challenging the authority of international law ... Third, the Philippines is reneging on its commitments and violating international law....
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Judge's limits on Iowa, county control of carbon capture pipeline placement challenged

Des Moines Register 30 May 2024
Rose’s interpretation of federal law was contradicted in September by the Pipeline and Hazardous Materials Safety Administration, which regulates the design, construction and operation of carbon dioxide pipelines to ensure public safety ... Rose did, however, say state law does not explicitly prevent counties from adopting the setbacks....
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