Examples of Civil Rehabilitation Act in a sentence
When an Obligor becomes insolvent, the Bankruptcy Act, the Civil Rehabilitation Act or the Corporate Reorganization Act will apply to that Obligor.
As a result, if VWFSJ enters any Insolvency Proceedings, the receiver of VWFSJ may have an option to terminate an outstanding bilateral contract in accordance with Article 53 of the Bankruptcy Act, Article 49 of the Civil Rehabilitation Act, and Article 61 of the Corporate Reorganization Act (collectively, the “ Insolvency Laws”).
Outline of Legal Structure of Trust AssetsThe Civil Code, the Companies Act (Law No. 86 of 2005, as amended), the Trust Act and certain other acts apply to the rights and duties of the Trustor of the First Trust, the Trustee of the First Trust, the Trustor of the Second Trust and the Trustee of the Second Trust, as well as, the Bankruptcy Act, the Civil Rehabilitation Act, the Corporate Reorganization Act and other applicable insolvency laws.
In these Conditions, “Relevant Proceedings” means proceedings of or equivalent to bankruptcy, reorganisation, rehabilitation or special liquidation procedures or adjustment under the Bankruptcy Act, the Corporate Reorganisation Act, the Civil Rehabilitation Act or the Companies Act in respect of any corporations incorporated in Japan, or any other similar applicable law of Japan or any other jurisdiction.
Outline of Legal Structure of Trust AssetsThe Civil Code, the Companies Act (Law No. 86 of 2005, as amended), the Trust Act and certain other acts apply to the rights and duties of the Trustor of the First Trust, the Trustee of the First Trust, the Trustor of the Second Trust and the Trustee of the Second Trust, as well as, the Bankruptcy Act, the Civil Rehabilitation Act, the Corporate Reorganization Act and other applicable insolvency laws.
Parties who filed a petition for protection under the Civil Rehabilitation Act (Act No.225 of2002) or any equivalent act in foreign countries, and the court ordered commencement of rehabilitation proceedings in accordance with the Act.
In these cases, a stay order may be issued against the bankruptcy proceedings (Civil Rehabilitation Act, Article 26, Paragraph 1, Item (1)), or the bankruptcy proceedings may be automatically discontinued (Civil Rehabili- tation Act, Article 39, Paragraph 1) 39.Similar provisions are also prescribed in the Corporate Reorganization Act (Corporate Reorganization Act, Article 24, Paragraph 1, Item (1), Article 50, Para-graph 1) 40.
The insolvency of the primary debtor does not generally affect claims against a guarantor, or against a security provider, to enforce a guaranteed or secured creditors' interest (unless the primary debtor is also the security provider) (Article 177.2, Civil Rehabilitation Act and Article 203.2, Corporate Reorganisation Act).
Under the Civil Rehabilitation Act (enforced in April 2000), it is possible for individuals and business enterprises to restructure their debts expeditiously.Moreover, there are several private methods for restructuring debts owed to financial institutions without using a court process.
Qualifications Required to Participate in Competitive Bidding(1) Must not fall under the provisions of Article 2 and Article 3 of the Contract Management Stipulations of the Okinawa Institute of Science and Technology School Corporation.(2) Must not have filed a petition for commencement of rehabilitation proceedings based on the Corporate Reorganization Act, and not filed a petition for commencement of rehabilitation proceedings based on the Civil Rehabilitation Act.