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has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct. to do and correct. directors will seize to do and correct. directors will seize control to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally data will resume the powers of the directors said they can do basically all of the powers as given by court t ....
it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the on ....
The impact of Companies House Reform on insolvency icaew.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icaew.com Daily Mail and Mail on Sunday newspapers.