09:11 Nov 3, 2016 |
Arabic to English translations [PRO] Law (general) / Law | |||||||
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| Selected response from: mona elshazly Egypt Local time: 18:05 | ||||||
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decide to put or put under liquidation Explanation: HTH |
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it has been decided to put same into liquidation, or has been already put into liqquidation Explanation: it has been decided to put same into liquidation, or has been already put into liquidation اعتقد أنه قُرر أو وُضع بصيغة المبني للمجهول -------------------------------------------------- Note added at 42 mins (2016-11-03 09:54:19 GMT) -------------------------------------------------- Sorry, liquidation Reference: http://www.ozdic.com/collocation-dictionary/liquidation |
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Liquidation (winding-up) Explanation: Liquidation (or winding-up) is a process under Company Law that results in the company ceasing to exist. Companies can decide to go into voluntary liquidation in which case the company arranges voluntarily to enter liquidation. Where a third party (an unpaid creditor) wishes to pursue liquidation of an insolvent company, as its debt is not being addressed, application must be made to the High court for a decision on whether a liquidator should be appointed to the company. The liquidator’s job is to realise the assets of the company and pay the creditors (including Revenue) from the proceeds. |
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