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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Haryana initiates action against farm leaders under NSA

Indian Express 23 Feb 2024
In an official statement shared on X, the Ambala police said it has started the process to detain the farmer leaders \u201cto maintain law and order and to prevent a disturbance in the social harmony\u201d ... 'Daily attempts are being made to spoil the law and order by pelting stones at the police administration and by creating ruckus....
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Protestors to pay any loss to public property during farmers protest: Police

The Siasat Daily 23 Feb 2024
... efforts are being made by the farmer organizations to break the barricade imposed on Shambhu Border by the farmers regarding their march to Delhi and daily attempts are being made to spoil the law and order by pelting stones at the police administration and creating ruckus....
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Okinawa residents file suit over U.S. base transfer work

People Daily 23 Feb 2024
The approval marked the central government's first-ever proxy execution of a local government administrative task under the local autonomy law. "This is a trial to ask whether the requirements of the reclamation law have been met," a lawyer representing the plaintiffs said, noting ......
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Will West Virginia repeal its ‘Permission to Compete’ laws?

The Hill 23 Feb 2024
The West Virginia House of Delegates will soon hold a vote to repeal their own CON law ... Hospital administrators usually claim CON laws allow them to generate enough revenue to provide 24-hour emergency services and uncompensated care ... Some scholars refer to CON laws as a “.” I call them “permission to compete” laws....
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FOR THE RECORD: HB 509 a threat to our right to know

The Sentinel Echo 23 Feb 2024
But even as we prepare for a milestone worth celebrating, the law is coming under attack ... By law, those exceptions are subject to administrative and/or judicial review ... • Records created or reviewed during an investigation by a public agency, including law enforcement agencies....
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PM Modi likely to visit Bengal on March 6, attend outreach programme

Hindustan Times 23 Feb 2024
The PM’s visit comes at a time when the BJP has launched a campaign against the Mamata Bannerjee government over law ... People now see the BJP as a party that can offer better law and order and corruption-free administration,” said a state leader, speaking on condition of anonymity....
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Student's death prompts anger at state meeting

Enid News & Eagle 23 Feb 2024
State Superintendent Ryan Walters urged the public to wait for more details from law enforcement “before we pass judgment.” ... Nex was bullied at school, and it worsened this year after anti-transgender laws took effect in Oklahoma, the student’s mother told the British online newspaper The Independent....
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Process for replacing Sito Narcisse as Baton Rouge schools leader approved, but not clear when ...

The Advocate 23 Feb 2024
The parish School Board approved a search timeline in which advertising for a new superintendent starts no later than May 6, with a final vote likely in June ... Friday's session will start at 4 p.m ... Longtime administrator Adam Smith was named interim superintendent. State law limits interim superintendents like Smith to serving no more than six months ... ....
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Utah man, imprisoned in Venezuela for 2 years, sues Nicolas Maduro over alleged trauma

NBC Bay Area 23 Feb 2024
It seeks compensation for damages Holt and his family said it suffered under a little-used federal law, the Anti-Terrorism Act, that allows American victims of foreign terror groups to seize the assets of their victimizes ... Secret US spying program targeted top Venezuelan officials, flouting international law. Biden Administration Dec 20, 2023 ... Trump ... ....
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The Excerpt podcast: Restoring the Klamath River and a way of life

Usatoday 23 Feb 2024
There has been some movement lately, during the Biden administration, which has allocated somewhere in the neighborhood of $4 billion through the Inflation Reduction Act and the Bipartisan Infrastructure Law, and it's helping, but they're going to need more, which means they're probably going to go back to Congress and ask for more....
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NBA All-Star game has regressed into an undignified farce

New York Post 23 Feb 2024
Nothing ... 5 ... 18, 2024 ... 5 ... AP ... 5 ... And Gio’s father, Damian, head hockey coach at Saint Michael’s College (Vt.) and Thorne’s son-in-law, did color. It’s tough watching MLB Network on issues of rules, authority and administration knowing that Ken Rosenthal, of Fox baseball fame, was tossed by MLBN because he allegedly didn’t play patty-cake with Rob Manfred....
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Law enforcement leaders urge Biden to reclassify marijuana to lesser status

The Hill 22 Feb 2024
A group of law enforcement leaders urged President Biden to reclassify marijuana to a lesser status in a Thursday letter ... “We urge your Administration to reclassify marijuana from a schedule I to a schedule III substance under the Controlled Substances Act (CSA),” the letter continues....
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Biden administration weighing order to limit asylum seeking

WPTV 22 Feb 2024
The Biden administration is exploring options it can take unilaterally to restrict immigration at the southern border further while also examining ways to improve lawful pathways for entrance, an administration source has told Scripps News ... The administration is also exploring ......
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