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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Apex court upholds ban on domestic abusers owning guns

Gulf-Times 22 Jun 2024
The US Supreme Court upheld yesterday a federal law that makes it a crime for people under domestic violence restraining orders to have guns, handing a victory to President Joe Biden’s administration as the justices opted not to further widen firearms rights after a major ......
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Employers must do more!

B & FT Online 21 Jun 2024
Employers are one of the key stakeholders in pension administration ... In fact, even if contributions have not been made, the law requires that the employer sends the contribution data or report to the administrator ... They are only interested in paying the pension contributions because it is punishable by law....
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Jonah Goldberg: The Supreme Court’s role in our partisan polarization has been greatly exaggerated

Grand Forks Herald 21 Jun 2024
So the supposedly partisan Republican justices overturned a Republican administration’s reinterpretation of the law, while the Democratic appointees voted to uphold it ... Rather, the court rightly held that the Trump administration couldn’t unilaterally rewrite the established meaning of a statute banning machine guns to include bump stocks....
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China aims to improve access to preschool education

Xinhua 21 Jun 2024
During the session, legislators will also deliberate a draft law on emergency response work, a draft amendment to the country's accounting law, and draft revisions to the public security administration punishments law and the cultural relics protection law....
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Democrats put a spotlight on more than 1 million pensions saved under a 2021 law

The Associated Press 21 Jun 2024
Democrats are putting a spotlight on more than 1 million union workers and retirees whose pensions are being saved under a 2021 law....
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2 men charged in clashes with Pitt police during pro-Palestinian protest

Pittsburgh Tribune Review 21 Jun 2024
Police said in a criminal complaint that Muhammad Ali, 21, of Pittsburgh joined with others in attacking a security barrier ... Ali is charged with aggravated assault, rioting, disorderly conduct and obstructing the administration of law. Roma is charged with rioting, disorderly conduct, obstructing the administration of law and defiant trespass ... .......
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What’s changing in California’s new healthcare minimum wage

East Bay Times 21 Jun 2024
It’s no surprise that California health care workers have questions about a new state law that will give them a higher minimum wage ... Newsom asked for the change because his administration estimates this law will cost the state $4 billion ... In the months since the law passed, workers and employers have been seeking help to decipher it....
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Supreme Court dropping decisions on guns, abortion, Trump immunity and more in coming days

app 21 Jun 2024
The issue is whether the law making obstruction a crime was meant to apply only to the destruction of documents rather than interrupting a public meeting ... 6 were charged under the obstruction law ... The Biden administration challenged Idaho’s strict abortion ban, arguing it conflicts with a federal law that requires hospitals provide stabilizing care....
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Hawaii residents fined $20K after Hawaiian monk seal pup mauled by unleashed dogs

Times Union 21 Jun 2024
A necropsy by the National Oceanic and Atmospheric Administration found the pup known as PO7 suffered puncture wounds consistent with dog bites and hemorrhaging consistent with being shaken by a dog ... Those fined have the right to challenge the penalty and request a hearing before an administrative law judge....
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State won’t say if it is investigating Israeli strikes cited by UN as possible war crimes

The Hill 21 Jun 2024
is investigating six Israeli strikes on Gaza cited in a new United Nations report as possible violations of the laws of war ... as to whether it had violated international law ... The specific issue of whether Israel has abided by international law has been controversial for the Biden administration....
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Bump stocks back on shelves as ban falls in Senate

Fox31 Denver 21 Jun 2024
Tim Kaine (D-Va.). Kaine co-sponsored legislation to ban bump stocks. Sen ... The Trump administration put the ban in place after a mass shooting in Las Vegas, killed 60 people and injured hundreds more. Sen ... "Does anyone seriously believe this lawless Biden administration would interpret this law in a way that respects law abiding gun owners? Not," Sen ... ....
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Is Israel’s Smotrich fulfilling his dream of annexing the West Bank?

Al Jazeera 21 Jun 2024
The Israeli army’s Civil Administration handed more control over the occupied West Bank to the Settlements Administration, led by far-right Finance Minister Bezalel Smotrich, who lives in an illegal settlement himself.Keep reading ... What’s the Settlements Administration?....
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NC Wildlife Law Enforcement will enhance efforts to reduce impaired boating during July 4 holiday

Island Free Press 21 Jun 2024
In an effort to ensure a safer July 4 holiday experience on the water, wildlife law enforcement officers with the N.C. Wildlife Resources Commission will participate in Operation Dry Water, a national campaign being observed July 4-6, developed through the National Association of State Boating Law Administrators (NASBLA)....

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File - In this photo released by the Taiwan Ministry of National Defense, Chinese vessels are seen near Taiwan on Thursday, May 23, 2024. Taiwan tracked dozens of Chinese warplanes and navy vessels off its coast Friday on the second day of a large exercise China's People's Liberation Army held in response to the inauguration of the island's new leadership.
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On May 21, 2023, Volodymyr Zelenskyy at the 49th G7 summit
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