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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Tim Harper Brings Wealth Of Experience To New County Position

The Dillon Herald 04 Feb 2023
Dillon County’s newly hired administrator Tim Harper brings a wealth of experience to his new position ... He is skilled in local government as a planner and administrator with an extensive background in planning, emergency services, purchasing, personnel, and administration....
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NCLA Amicus Brief Argues States Have Standing to Challenge Student Loan Debt Cancellation Plan

Eagle-Tribune 04 Feb 2023
“This half-trillion-dollar giveaway is the latest attempt by the Biden Administration to twist a narrow delegation of authority—here a post-9/11 law meant to assist actual heroes while they fight for our country—into breathtakingly broad power to reshape an entire industry....
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Editorial: SC taxpayers shouldn't subsidize invitation-only Statehouse events

The Post and Courier 04 Feb 2023
We don’t even like the idea of people being able to rent out space inside the Statehouse for private events, but certainly if the Legislature is not going to give the Administration Department the mandate to cancel such events, it should rewrite the law to ensure that taxpayers don’t have to provide free venues and security....
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U.S. patients see wider drug recalls, limited price rise

Beijing News 04 Feb 2023
More than 1,321 recalls were issued last year for human drug products that were defective or violated laws enforced by the U.S. Food and Drug Administration, "the highest figure in the past three years," USA TODAY said ... More than 1,321 recalls were issued last year for human drug products that were defective or violated laws enforced by the U.S....
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Three potential outcomes of the wider classified documents probe

The Hill 04 Feb 2023
Gavoor is the associate dean for academic affairs and professorial lecturer in law at George Washinton University Law where he currently teaches National Security Law, Constitutional Law, Federal Court, and Administrative Law ... Department of Justice and is an internationally recognized national security law expert....
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Major change in recruitment process of Agniveer, read details inside

DNA India 04 Feb 2023
Army officers told The Indian Express that the massive administrative costs and logistical preparations needed to handle the thousands of candidates that attend recruitment rallies have led to changes in the hiring procedure. “The earlier process led to the screening of a large number of candidates, which stressed administrative resources....
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Pentagon disputes Chinese statement on spy balloon passing over Montana

Ravalli Republic 04 Feb 2023
airspace, and violated international law, which is unacceptable,” the general said during a press briefing from the Pentagon ... President Joe Biden was briefed and asked the military to present options, according to a senior administration official, who was also not authorized to publicly discuss sensitive information....
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Pharmacists Demand NHIA Adhere to New PSN Act

This Day 04 Feb 2023
Pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) have called on the National Health Insurance Authority (NHIA) to embrace changes in the practice of pharmacy in Nigeria in its control of health insurance administration at all levels in the country....
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Agniveer recruitment process changed, candidates to sit for entrance test first

Financial Express 04 Feb 2023
Army officers told The Indian Express that the change in the recruitment process has been made considering the enormous administrative costs and logistical arrangements required to tackle the thousands of candidates who come to the recruitment rallies ... administrative resources....
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Rachel Brougham: So we’re upset over chocolate ‘wokeness?’

Petoskey News-Review 04 Feb 2023
Even Republicans on the House Judiciary Committee — the committee that oversees matters relating to the administration of justice in federal courts, administrative bodies and law enforcement agencies — tweeted out from its official account, blaming the left for the M&M’s newfound ......
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Rahul Yatra, and the miles to go for Congress in J&K

Indian Express 04 Feb 2023
There is a deafening silence in Kashmir in terms of public uproar since the scrapping of J&K's special status on August 5, 2019, despite anger against it and the subsequent 'anti-people' laws promulgated by the administration. The reason is the administration's crackdown on dissent, leaving no valve for a release of the public anger....
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Proclamation on National Black History Month, 2023

Nashville Pride 04 Feb 2023
From the start, the Biden-Harris Administration has been committed to using the power of the federal government to address the long-standing disparities that have hampered the progress of Black communities ... Every agency of my Administration has been ordered to expand access to voter registration and election information....
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Chinese money is flooding into American higher education — with little transparency

New York Post 04 Feb 2023
The American Council on Education — the lobbying organization for colleges and universities — praised the Biden administration in an open letter for ending the investigations we launched into schools that were skirting the law and failing to report sources of foreign money....

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