appointment of an administrator
appointment of a trustee

A company enters administration when the appointment of an administrator takes effect.

However, controversy followed the appointment of an administrator as the museum began running at a loss.

The appointment of an administrator expires after 1 year.

Lastly, the holder of a floating charge will be able to block the appointment of an administrator.

The appointment of an administrator "freezes" any legal proceedings (on foot or anticipated) against the company, and control of the company is given entirely to the administrator.

Subsequent to the appointment of an administrator under a qualifying floating charge, the holder of the floating charge must notify the court of the appointment.

Arguably the appointment of an administrator for the more advantageous realisation of the company's assets than a winding-up has this effect since this constitutes a virtual cessation of business.

The Act also provides for the appointment of an Administrator and Designated Officer within the National Energy Board (NEB), whose responsibilities are those relegated from the Commissioner.

The trial was canceled after the Justice Department and the union agreed on the appointment of an administrator and two other court-appointed officers to oversee much of the teamsters' activities and to police corruption among them.

The change was introduced by the Enterprise Act 2002, and was designated to streamline the process in relation to the appointment of an administrators (all floating charges historically had the power to appoint an administrative receiver).

New York City housing officials said yesterday that they would seek a court appointment of an administrator to run a 113-unit apartment building in Brooklyn where a landlord served a term of house arrest for refusing to make repairs.

The Federal complaint, as with suits filed against other unions like Local 560 of the Teamsters in Union City, N.J., seeks the dismissal of the union's leadership and the court's appointment of an administrator.

Her Majesty's Revenue and Customs told the club that they would have to attend a 'winding-up' hearing at the High Court and refused a request to adjourn the hearing pending the formal appointment of an administrator.

But an important change since the Enterprise Act 2002 is that it is also possible for a director and, crucially, the holder of a floating charge over the company's whole property to apply for appointment of an administrator out of court.

In June 2012, in proceedings related to the appointment of an administrator to the HSU East branch, Justice Geoffery Flick criticised attempts by Jackson, through her solictors, to directly contact him while proceedings were under way.

Strictly speaking, the appointment of an Administrator is made by the Governor-General-in-Council, that is, the Governor-General acting on the advice of the Commonwealth Government, rather than the advice of the Government of the Northern Territory.

(ii) Late registration Failure to register a charge within the 21-day period does not preclude its subsequent registration; a charge can be registered outside the 21-day period at any time prior to the company's liquidation or the appointment of an administrator without the need to obtain a court order.

In this case, the court will grant the petition for appointment of an administrator only if, first, the company "is or is likely to become unable to pay its debts" (identical to IA 1986 section 123) and "the administration order is reasonably likely to achieve the purpose of administration."

Yesterday, the boy's estate and his parents filed a notice of claim , which alerts the hospital that a lawsuit will be forthcoming unless damages of $100 million are paid; the notice had to be filed within 90 days of the appointment of an administrator of the boy's estate.

"There is no legal or policy basis for the appointment of a trustee."

The appointment of a trustee in a bankruptcy case is rare, legal experts said.

The creditors have asked for the appointment of a trustee to manage Eastern.

Eastern management said appointment of a trustee would doom the airline.

It is common to talk of "the appointment of a trustee", for example.

Moreover, the appointment of a trustee is the most drastic measure in bankruptcy.

Travel agents said yesterday that the appointment of a trustee had little effect on consumer interest in Eastern.

The union has also filed a separate motion seeking the appointment of a trustee to run the airline.

The unions had sought appointment of a trustee who would run the airline, sidelining Eastern's management.

The appointment of a trustee to oversee Eastern's transition out of bankruptcy.

The appointment of a trustee has taken place only a few times in the case of airlines that have emerged from bankruptcy.

Appointment of a trustee would be an extraordinary step that is generally taken only in the case of fraud or clear mismanagement.

Mr. Lorenzo opposed the appointment of a trustee.

But others said the appointment of a trustee for the carrier, replacing Frank Lorenzo, was a turning point in labor relations.

The Federal bankruptcy code states that fraud, mismanagement, negligence and incompetence are grounds for the appointment of a trustee.

Passengers and travel agents responded with cautious optimism to the appointment of a trustee to run Eastern Airlines.

A few days later, Miller learned that the unions, bitterly opposed to Lorenzo's running the airline, would move for the appointment of a trustee.

Appointment of a trustee requires some wrongdoing or gross mismanagement on the part of existing management and is relatively rare.

The company is now seeking an appointment of a trustee to oversee either the resumption of construction or the sale of the project.

But the Department of Transportation, which will decide the sale of the routes, has not taken a position on the appointment of a trustee.

A bankruptcy court hearing on the appointment of a trustee to run Eastern Airlines has been postponed until Oct. 2.

(2) On the appointment of a trustee, the property shall forthwith pass to and vest in the trustee appointed.

One person close to the talks said the creditors have considered asking for the appointment of a trustee if their talks with Texas Air produce no results.

When a member brokerage firm is at the failure stage, the fund applies to a Federal court for the appointment of a trustee to liquidate the firm.

A Federal Bankruptcy Court judge has approved the appointment of a trustee to run the Monarch Capital Corporation.