Examples of Corporate Reorganization 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.
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.
All of RHHI’s shares were held by a single individual, although these shares were subsequently cancelled.193 193 Korea asserts that, under Article 221(4) of the Corporate Reorganization Act, at least two-thirds of the shares held by the shareholder who influenced the directors in the mismanagement of a bankrupt company shall be written off.
On February 27, 2012 (the “Petition Date”), Elpida and Akita Elpida Memory, Inc., a wholly owned subsidiary of Elpida, (collectively, the “Debtors”) filed voluntary petitions in the Tokyo District Court (the “Court”) to commence corporate reorganization proceedings under the Corporate Reorganization Act (Kaisha Kosei Ho) of Japan (the “Reorganization Act”).
This Act not only prescribes the special provisions of the Bankruptcy Act, it also prescribes the special provisions of the Civil Rehabilitation Act (Act No. 225 of 1999) and the Corporate Reorganization Act (Act No. 154 of 2002).
Further negotiations will need to take place between District Councils and registered social landlords.
Borrowers have made application for procedures under the Corporate Reorganization Act, Civil Rehabilitation Act, Bankruptcy Act, liquidation under the Companies Act of Japan (the “Companies Act”), or liquidation under other legal provisions.
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.