Judical management in practice : case studies
Judicial management was introduced on 17 May 1988 as an alternative to existing insolvency procedures. As a form of corporate rescue, judicial management was conceptualised to remedy the inadequacies of insolvency procedures such as liquidation and receivership. Through the imposition of a mandatory...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/59798 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Judicial management was introduced on 17 May 1988 as an alternative to existing insolvency procedures. As a form of corporate rescue, judicial management was conceptualised to remedy the inadequacies of insolvency procedures such as liquidation and receivership. Through the imposition of a mandatory moratorium on creditors' rights, an otherwise healthy and viable company is allowed a brief respite to sort out its temporary financial difficulties. |
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