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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Law report: The battle between Malacalza and the European Central Bank

The Malta Independent 24 Jul 2024
... administration ... They alleged that the ECB significantly violated Italian law with the appointment of temporary administrators who had a conflict of interest, making it difficult for the Applicants, as shareholders, to bring a company action against the administrative bodies....
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Five newly-passed laws announced

Vietnam News 24 Jul 2024
The Road Law focuses on three strategic breakthroughs of institutional policies, infrastructure and human resources and addresses practical needs with a strategic vision towards smarter and more IT-applicable road operations and enhances decentralisation, delegation, and administrative procedure reform....
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Iowa judge lifts injunction blocking state's 6-week abortion ban

Usatoday 24 Jul 2024
The board has not offered additional insight on punishment it would issue to those who violate the law, but existing administrative rules give the Iowa Board of Medicine to place a doctor on probation, issue civil fines, or suspend or revoke a physician's license, among other actions....
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Major reshuffle in Chandigarh police, over 2700 personnel transferred

Hindustan Times 24 Jul 2024
In a major shake up, the Chandigarh Police administration on Tuesday announced the transfer of 2,763 police personnel, including sub-inspectors (SI), assistant sub-Inspectors (ASI), head constables (HC), and constables (C) ... The police administration had also transferred 21 station house officers (SHOs) and inspectors....
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Challenges in tackling communal violence cases in Kolhapur, Maharashtra

The Siasat Daily 24 Jul 2024
While the lack of police vigilance is a serious concern, the fact that India does not have a law that specifically addresses communal violence is a big challenge that hinders effective administration ... It is still unclear how acts of communal violence will be charged under the new criminal laws that have come into effect from the first of July 2024....
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Thailand to legislate medical marijuana, signals no re-criminalizing

Asahi News 24 Jul 2024
“It will be a matter of law and debated in parliament where there is already a draft law,” secretary-general to the prime minister Prommin Lertsuridej told Reuters ... A draft law on marijuana was submitted to the legislature under the previous administration but parliament was dissolved ahead of an election last year, without a vote taken....
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EU report to show upgrades in rule of law

Ekathimerini 24 Jul 2024
The improvement in the assessment certainly satisfies the government, since the rule of law and its deficiencies in Greece were often seized by the opposition as issues with which to attack the conservative administration, especially when the case of phone hackings was raised....
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Corporation Commissioner Bob Anthony blocked from new discussion of utility rate audits

The Oklahoman 24 Jul 2024
OG&E plans to implement the increases before the commission hears the request, which is allowed by state law and is currently under review by an administrative law judge ... “When it came to the 2021 Winter Storm – and some of the most expensive cases this Commission has ever considered – this agency chose not to follow the law....
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Democrats hope Harris' bluntness on abortion will translate to 2024 wins in Congress, White House

Times Union 24 Jul 2024
On the policy side, Biden has sought to make medication abortion more available, access to contraception easier, and his administration has gone before the Supreme Court to argue hospitals have a duty under federal law to perform the procedure in life-threatening situations even in states where abortion is now banned....
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Democrats hope Harris’ bluntness on abortion will translate to 2024 wins in Congress, White House

Bangor Daily News 24 Jul 2024
On the policy side, Biden has sought to make medication abortion more available, access to contraception easier, and his administration has gone before the Supreme Court to argue hospitals have a duty under federal law to perform the procedure in life-threatening situations even in states where abortion is now banned....
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Video: Breaching Whale Capsizes Fishing Boat

The Maritime Executive 24 Jul 2024
On Tuesday, a whale struck and swamped a fishing boat off the coast of Portsmouth, New Hampshire, sending two fishermen into the water ... Miraculously, the survivors were unharmed ... The National Oceanic and Atmospheric Administration (NOAA), which administers U.S. marine mammal protection laws, has been notified of the incident ... .......
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Amid political leadership vacancies, calls for SES reform continue to rise

Federal News Radio 24 Jul 2024
Bush administration ...Career senior executives provide stability in administration and enable presidents to faithfully execute the law. They also provide important institutional memory and expertise on how best to implement priorities for new appointees of any administration.”....
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Council Oks $83M Contract for New Detention Center

Anderson Observer 24 Jul 2024
If I had to go to the Anderson Detention Center I would rather go to the Anderson County Animal Shelter because it’s in better shape,” said Anderson County Administrator Rusty Burns. Not being in compliance with federal law also meant the county could be ordered to pay for a new ......
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