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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Tennessee Law Enforcement Officers Graduate from the FBI National Academy

The Tennessee Tribune 09 Dec 2023
The 10-week program—which provides coursework in intelligence theory, terrorism and terrorist mindsets, management science, law, behavioral science, law enforcement communication, and forensic science—serves to improve the administration of justice in police departments and ......
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Another reshuffle in Delhi cabinet: Atishi gets law dept

Hindustan Times 09 Dec 2023
“The LG while recalling the files has expressed his serious view of the pendency of such large number of important proposals relating to court and judicial administration and pointed out that delays by the minister (law), was creating barriers in administration of justice in the Capital of the country,” said an official from LG secretariat....
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Decoding China: How Agnes Chow became an enemy of the state

Indian Express 09 Dec 2023
New security law curbs Hong Kong's freedoms Not long after the withdrawal of the extradition bill, Beijing imposed a national security law on Hong Kong \u2014 a remarkable move by the central government, in apparent violation of the principle of 'Hong Kong administration by Hong ......
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High-speed routes biggest winners in latest rail funding round

Roll Call 09 Dec 2023
The money, authorized by the 2021 infrastructure law, comes from the Federal Railroad Administration’s Federal-State Partnership for Intercity Passenger Rail Program ... appropriations and infrastructure law funds on the project ... The Biden administration restored the funding in 2021....
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New Danish law

Dawn 09 Dec 2023
In this regard, Denmark’s recent passage of a law banning the desecration of religious books is a step in the right direction ... The Danish administration has made the move on security grounds, though members of the far right in the country have termed it a ‘betrayal’ of their supposed values....
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Biden wants states to ensure Obamacare plans cover enough doctors and hospitals

The Virginian-Pilot 09 Dec 2023
Many of the changes made during Biden’s term, especially to rules that spell out how the law is to be implemented, could be altered if a Republican wins the White House — just as occurred in the transition from the Obama administration to the Trump term and, again, when Biden took office....
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Revanth Reddy allocates portfolios to Telangana ministers

The Siasat Daily 09 Dec 2023
Hyderabad. Telangana Chief Minister Revanth Reddy has assigned portfolios to the state ministers. The crucial responsibility of law and order has been retained by the chief minister ... Also Read. Know assets of Telangana CM Revanth Reddy, cabinet ministers ... A Revanth Reddy. MAUD, General Administration, Law & Order & other unallocated portfolios ... C ... D ... ....
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Telangana ministers get portfolios: CM Revanth keeps urban development, law; Deputy CM Vikramarka gets finance, energy

Indian Express 09 Dec 2023
The portfolios of eleven ministers in the new Telangana Cabinet were announced Saturday with Chief Minister A Revanth Reddy keeping Municipal Administration and Urban Development, General Administration, Law and Order, and all other unallocated portfolios with himself ... The scheme will be officially launched at 1.30 pm ... ....
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Our View: Did the audit office have an ulterior motive?

CyprusMail 09 Dec 2023
According to the law, Christodoulides should have carried on being paid his civil service pay ... According to a lawyer specialising in administrative law, once payments have been made by the state these cannot be claimed back by the state years later, as Michaelides seems to think....
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Arab leaders deliver united message to the US: the West is failing on Israel-Gaza

The National 09 Dec 2023
Live updates ... In the aftermath of the October 7 Hamas attack on Israel, President Joe Biden's administration moved urgently to approve billions more dollars towards Israeli defences. The Biden administration has sidestepped questions about whether its ally has violated international law regarding collective punishment of Palestinians in Gaza ... .......
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Universities’ shifting policies toward speech are not only hypocritical but also illegal, by Max Schanzenbach ...

Atlantic City 09 Dec 2023
This law, long dormant in higher education, has newfound prominence after the U.S ... Administrations under Donald Trump and have affirmed that Title VI prohibits discrimination on the basis of Jewish identity ... Max Schanzenbach is the Seigle Family professor of law and Kimberly ......
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News roundup for Dec. 8, 2023: K-9 Riggs gets a new suit

Colorado Springs Business Journal 09 Dec 2023
Elected officials were singing the praises of President Joe Biden's administration's decision to include Front Range rail in a bipartisan infrastructure law that puts the project in line for further study and potential federal funding to carry it out ... antitrust laws....
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