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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Spotlight: Hong Kong must uphold Basic Law for better future: seminar

Xinhua 04 Apr 2020
HONG KONG, April 4 (Xinhua) -- The Basic Law has brought "institutional dividend" to the prosperity and stability of the Hong Kong Special Administrative Region (HKSAR), and Hong Kong must safeguard the constitutional order established by the Constitution and the Basic Law for better development in the future, experts said at a seminar on Saturday....
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Executive Order on Establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector

The White House 04 Apr 2020
(a) to the extent required by law or for any administrative or judicial action or proceeding, or for law enforcement purposes; ... (i) As necessary and in accordance with applicable law and policy, including procedures governing the handling of classified or otherwise privileged or ......
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China steps up protection of cultural relics in 2019

China.dot.org 04 Apr 2020
China has stepped up supervision over cultural relics protection by carrying out over 270,000 law enforcement inspections in 2019, according to the National Cultural Heritage Administration....
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Memorandum on Allocating Certain Scarce or Threatened Health and Medical Resources to Domestic Use

The White House 04 Apr 2020
THE ADMINISTRATOR OF THE FEDERAL EMERGENCY ... By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C ... (i) the authority granted by law to an executive department or agency, or the head thereof; or....
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Does the Trump Administration Have the Talent To Make the Stimulus Work?

Yahoo Daily News 04 Apr 2020
Under the influence of legal scholar and professor Felix Frankfurter, whom FDR would later appoint to the Supreme Court, Harvard Law School became a virtual recruiting office for the administration, delivering such prodigies as Ben Cohen and Thomas Corcoran, who built and led a steady string of key agencies....
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3M fires back at Trump over order to produce more face masks

The Morning Journal 04 Apr 2020
Jared Kushner, the president’s son-in-law, has been leading administration contacts with the company to learn where the masks went and why some were not available as promised ... “That is the opposite of what we and the Administration, on behalf of the American people, both seek.”....
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How Trump surprised his own team by ruling out Obamacare

Politico 04 Apr 2020
The Trump administration was reopening Obamacare to millions of newly uninsured Americans ... With attention shifting back to Obamacare – which has grown increasingly popular since the GOP’s failed 2017 bid to repeal the lawDemocrats have appeared to find stable footing, pillorying the administration over its policy making....
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Kushner’s Claims About National Stockpile Contradicted by Trump’s Own Administration

The Daily Beast 04 Apr 2020
President Donald Trump’s top adviser and son-in-law Jared Kushner insisted on Thursday that the government had not built up a national stockpile of medical equipment for states to use during threats like the coronavirus since those states have strategic reserves of their own ... It appears the administration is still scrambling to catch up....
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Hong Kong shoulders constitutional responsibility for safeguarding national security: director of liaison office

Xinhua 04 Apr 2020
HONG KONG, April 4 (Xinhua) -- Safeguarding the national security is the constitutional responsibility that the Hong Kong Special Administrative Region (HKSAR) must fulfill in accordance with the HKSAR Basic Law, Director of the Liaison Office of the Central People's Government in the HKSAR Luo Huining said Saturday....
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Trump, 3M clash over order to produce more face masks for US during COVID-19 crisis

Times Free Press 04 Apr 2020
They lobbied Trump administration officials not to cut off part of their supply ... Jared Kushner, the president's son-in-law, has been leading administration contacts with the company to learn where the masks went and why some were not available as promised....
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10 things you might not know about the CARES Act

The Oklahoman 04 Apr 2020
... and that it is by far the most expensive single spending bill ever signed into law ... But the law also excludes businesses in which the president's family, members of his administration and their families, and members of Congress and their families own at least a 20% stake....
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Hong Kong's prosperity, stability cannot be undermined: former members of Basic Law consultative committee

Xinhua 04 Apr 2020
HONG KONG, April 4 (Xinhua) -- The Basic Law has allowed Hong Kong to achieve a smooth return to the motherland and maintain its prosperity and stability, some of the members who participated in the consultation and drafting of the Basic Law of the Hong Kong Special Administrative Region have said....

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