winding-up proceedings definition

winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;
winding-up proceedings means insolvency proceedings within the meaning of point (a) involving realising the assets of the debtor, including where the proceedings have been closed by a composition or other measure terminating the insolvency, or closed by reason of the insufficiency of the assets. Those proceedings are listed in Annex B;
winding-up proceedings means collective proceedings opened and monitored by the administrative or judicial authorities of a Member State with the aim of realising assets under the supervision of those authorities, including where the proceedings are terminated by a composition or other, similar measure;

Examples of winding-up proceedings in a sentence

  • There are no finally recognized but unpaid 109 Claims, 110 Claims and 111 Claims in the Winding-up Proceedings.

  • Furthermore steps were taken to ensure the recognition of the Winding-up Proceedings in certain non-EEA jurisdictions where LBI had (or still has) material interests.

  • Under the Composition, LBI will make a voluntary Stability Contribution to the CBI in an amount estimated to be ISK 15.6bn in order to enable conclusion of the Winding-up Proceedings through Composition.

  • Certain Claims have been submitted in the Winding-up Proceedings, where the Creditor relies on a right to set-off.

  • Under the Stability Levy Act, LBI would not be considered a taxable entity for purposes of the Stability Levy if it could conclude the Winding-up Proceedings by way of a Composition before 15 March 2016, provided that a petition to confirm the Composition is received by the District Court before year end 2015.


More Definitions of winding-up proceedings

winding-up proceedings means, with respect to the Issuer, proceedings in Hong Kong in respect of the Issuer for the bankruptcy, liquidation, winding-up, receivership, or other similar proceeding of the Issuer.
winding-up proceedings means, with respect to the Issuer, (a) proceedings shall have been instituted or a decree or order shall have been entered in any court or agency or supervisory authority in Malaysia having jurisdiction in respect of the same for the appointment of a receiver or liquidator in any insolvency, rehabilitation, readjustment of debt, marshalling of assets and liabilities, or similar arrangements involving the Issuer or all or substantially all of its property, or for the winding up of or liquidation of its affairs and such proceeding, decree or order shall not have been vacated or shall have remained in force, undischarged or unstayed for a period of 60 days; or (b) the Issuer shall file a petition to take advantage of any insolvency statute.
winding-up proceedings means collective proceedings concerning an institution which necessarily involve intervention by the judicial authorities or any other competent authority of a partici­ pating Member State with the aim of realising assets under the supervision of those authorities, including where the proceedings are terminated by a composition or by another analogous measure,
winding-up proceedings means, with respect to the Issuer, (a) proceedings shall have been instituted or a decree or order shall have been entered in any court or agency or supervisory authority in Malaysia having jurisdiction in respect of the same for the appointment of a receiver or liquidator in any insolvency, rehabilitation, readjustment of debt, marshalling of assets and liabilities, or similar arrangements involving the Issuer or all or substantially all of its property, or for the winding up of or liquidation of its affairs and such proceeding, decree or order shall not have been vacated or shall have remained in force, undischarged or unstayed for a period of 60 days; or (ii) the Issuer shall file a petition to take advantage of any insolvency statute. 10.3 EnforcementIn the case of Subordinated Notes and subject to applicable laws, no remedy (including the exercise of any right of set-off or analogous event) other than those provided for in Condition10.2 above, will be available to the Noteholders, Receiptholders or Couponholders. 11. REPLACEMENT OF NOTES, RECEIPTS, COUPONS AND TALONSShould any Note, Receipt, Coupon or Talon be lost, stolen, mutilated, defaced or destroyed, it may be replaced at the specified office of the Fiscal Agent or the Paying Agent (in the case of Bearer Notes, Receipts or Coupons) or the Registrar or the Transfer Agent (in the case of Registered Notes) upon payment by the claimant of such costs and expenses as may be incurred in connection therewith and on such terms as to evidence and indemnity as the Issuer may reasonably require. Mutilated or defaced Notes, Receipts, Coupons or Talons must be surrendered before replacements will be issued. 12. AGENTSThe names of the initial Agents and their initial specified offices are set out below.The Issuer is entitled to vary or terminate the appointment of any Agent and/or appoint additional Agents and/or approve any change in the specified office through any of the same acts, provided that:
winding-up proceedings means collective proceedings involving realising Ö the realisation of Õ the assets of an insurance undertaking and distributing Ö the distribution of Õ the proceeds among the creditors, shareholders or members as appropriate, which necessarily involve any intervention by the administrative or the judicial Ö competent Õ authorities of a Member State, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;
winding-up proceedings means, with respect to the Issuer, proceedings in Hong Kong for the bankruptcy, liquidation, winding-up, administrative receivership, or other similar proceeding of the Issuer (as applicable).
winding-up proceedings means winding-up proceedings as defined in Article 2 of Directive 2001/24/EC on the reorganisation and winding up of credit institutions;