Companies that value goodwill in China and overseas likely would choose voluntary liquidation. Companies which cannot agree on an approach to winding up, and whose options does not include bankruptcy, can file for compulsory liquidation.WongDavydEBSCO_AspChina Law & Practice...
Winding up a business is not the same as bankruptcy, though it is usually a result of bankruptcy. Bankruptcy is a legal proceeding that an entity pursues when they can no longer pay their debts or financial obligations. In bankruptcy proceedings, creditors attempt to gain access to a company'...
up adv. 1.趋于或处于直立的姿势或位置(尤含准备活动之意) 2.趋于或处于较高的地方、位置、条件、程度等 3.[~ (to sb/sth)]靠近(某人或某物) 4. 朝着重要地方或在重要地 UP 通用压力 by business n.副业,兼职 stem winding a. [美口]激动人心的,令人振奋的 最新...
看看wikipedia 怎么解释的winding up: The process of selling all the assets of a business, paying off creditors, distributing any remaining assets to the principals or parent company, and then dissolving the business. Winding up can refer to such a process either for a specific business line of ...
It may happen because the shareholders can no longer get along, the company is in a declining business with no future prospects, the company has achieved the purpose for which it was set up, or for any other reason. Compulsory winding up (1) Outline of the procedure A compulsory winding ...
When a business has made the decision to no longer operate and it has wound up its daily operations, then it legally must dissolve. Types of Winding Up There are two types of winding up: Compulsory winding up Voluntary winding up Let’s take a closer look at both of these types of ...
Winding up 在英文下倒是比较形象,基本上可以理解到“需要把公司业务打包整个处理,就像是从桌子上的东西都被风吹干净”的意味,换到中文语境下,一时倒是确实难以用几个单字就把这种意思表达完整。 参考资料: Difference between liquidation, dissolution and winding up - Malescu Law, PA - Miami FL Business & ...
a distribution of assets to members of the company on its winding up. So the correct use (and expense of) a liquidator could save the shareholders a considerable amount of money as business asset disposal relief may be available. If a formal close down ...
Define winding-up. winding-up synonyms, winding-up pronunciation, winding-up translation, English dictionary definition of winding-up. n the process of finishing or closing something, esp the process of closing down a business Collins English Dictionary
Winding-Up means any winding-up of the Issuer (excluding a solvent winding-up solely for the purposes of a reconstruction, amalgamation, reorganisation, merger, consolidation or the substitution in place of the Issuer of a successor in business (as defined in the Trust Deed), the terms of whi...