Appointment, powers, duties and liabilities of receivers / Hasbi Hasan

Companies may be rescued by formal and informal compromises or arrangements with creditors. Constituent. business may be preserved as going concerns by receivere or liquidators through various means including hiving-down. The failure or business and tte dissolution of companies is an unevitable .par...

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Bibliographic Details
Main Author: Hasan, Hasbi
Format: Student Project
Language:English
Published: Faculty of Law 1987
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/27878/2/27878.pdf
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author Hasan, Hasbi
author_facet Hasan, Hasbi
author_sort Hasan, Hasbi
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description Companies may be rescued by formal and informal compromises or arrangements with creditors. Constituent. business may be preserved as going concerns by receivere or liquidators through various means including hiving-down. The failure or business and tte dissolution of companies is an unevitable .part of entrepreneurial activity. Thus one sees large companies such as Rolls Royce, International Harvester, and Carrian going to the wall, and recently in Singapore Lee Wah Cane, Lamipak, Pan Electric and assorted retailers, manufacturers and construction companies. It may seem odd to regard receivership as a means of avoidi.ng liquidation of the company. It is, after all, procedure for the creditor to take control of the dehtors' property which forms the security. When would a receiver play C'. part in a corporate rescue? Loan agreements where outstandings are secured by fixed or floating charges commonly contain provisions which allow the creditor to take control of the property by appointing a receiver who exercises powers granted to him under the loan agreement or related security documents. These powers generally permit the receiver to protect or realize the security or assets of the company.
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spelling uitm.eprints-78782022-12-22T08:46:29Z https://ir.uitm.edu.my/id/eprint/27878/ Appointment, powers, duties and liabilities of receivers / Hasbi Hasan Hasan, Hasbi K Law in general. Comparative and uniform law. Jurisprudence KBP Islamic law. Sharī'ah. Fiqh KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia) Companies may be rescued by formal and informal compromises or arrangements with creditors. Constituent. business may be preserved as going concerns by receivere or liquidators through various means including hiving-down. The failure or business and tte dissolution of companies is an unevitable .part of entrepreneurial activity. Thus one sees large companies such as Rolls Royce, International Harvester, and Carrian going to the wall, and recently in Singapore Lee Wah Cane, Lamipak, Pan Electric and assorted retailers, manufacturers and construction companies. It may seem odd to regard receivership as a means of avoidi.ng liquidation of the company. It is, after all, procedure for the creditor to take control of the dehtors' property which forms the security. When would a receiver play C'. part in a corporate rescue? Loan agreements where outstandings are secured by fixed or floating charges commonly contain provisions which allow the creditor to take control of the property by appointing a receiver who exercises powers granted to him under the loan agreement or related security documents. These powers generally permit the receiver to protect or realize the security or assets of the company. Faculty of Law 1987 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/27878/2/27878.pdf Appointment, powers, duties and liabilities of receivers / Hasbi Hasan. (1987) [Student Project] <http://terminalib.uitm.edu.my/27878.pdf> (Unpublished)
spellingShingle K Law in general. Comparative and uniform law. Jurisprudence
KBP Islamic law. Sharī'ah. Fiqh
KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
Hasan, Hasbi
Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title_full Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title_fullStr Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title_full_unstemmed Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title_short Appointment, powers, duties and liabilities of receivers / Hasbi Hasan
title_sort appointment powers duties and liabilities of receivers hasbi hasan
topic K Law in general. Comparative and uniform law. Jurisprudence
KBP Islamic law. Sharī'ah. Fiqh
KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
url https://ir.uitm.edu.my/id/eprint/27878/2/27878.pdf
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