This company became insolvent in early 2002.

(a) The responsibility of any other company in the group for the external debts of the insolvent company (being all debts owed by the insolvent company except for those owed to related group companies, i.e. intra group debts )

In addition, in Australia, the insolvency legislation provides for the liability of a holding (parent) company for the debts of a subsidiary company that became insolvent if it is established that the subsidiary was permitted by the parent to engage in insolvent trading.

Australian legislation also provides for the avoidance, in summary fashion, of pre bankruptcy transactions entered into by an insolvent company with another company to which it is related.

(g) Guidelines that, in certain circumstances, provide for a parent company to be liable for the debts of an insolvent subsidiary.

In some circumstances, for example, the law may treat the insolvent company as an agent of the related company, which would permit third parties to enforce their rights directly against the related company as a principal.

Greece is clearly insolvent.

One of the company's employees entered a third party challenge to this ruling in an attempt to show that the company was not insolvent.

(d) Guidelines allowing an insolvency representative in the insolvency of a holding company to steer the actions to be taken by the (insolvent) subsidiary

Where a company in a group structure becomes insolvent, treatment of that company as a separate legal personality raises a number of issues that are generally complex and may often be difficult to address.

Time to Nationalize Insolvent Banks

Which means that they are insolvent.

You are illiquid, but you're not insolvent.

For some, low prices would render them insolvent.

Under Koizumi s leadership, insolvent banks were made whole again.

Coercive restructuring of insolvent banks unsecured debt would be next.

So, the US banking system is effectively insolvent in the aggregate most of the British banking system looks insolvent, too, as do many continental European banks.

The reason is simple both Greece and Ireland are likely insolvent.

Commercial banks loaded with weaker countries government bonds became potentially insolvent.

Insolvency regimes look to a number of different circumstances or factors in the assessment of whether a related or group company should bear responsibility for the external debts of an insolvent member of the group.

The markets are fully aware that Greece, being insolvent, will eventually default.

NEW YORK The eurozone crisis is reaching its climax. Greece is insolvent.

WBS (Whole Business Securitization) arrangements first appeared in the United Kingdom in the 1990s, and became common in various Commonwealth legal systems where senior creditors of an insolvent business effectively gain the right to control the company.

Banks had reassured themselves with the belief that countries could not become insolvent.

This approach requires judgment and resolve in separating insolvent institutions from solvent ones.

Engineering company Maintenance company

This needs to be carried out for insolvent governments, households, and financial institutions alike.

Because the banks made their investments with too little unborrowed money, they became insolvent.

Company 2 and Company 3.

The substantial increase in actions being brought against officers and directors for alleged breaches of various obligations points to an urgent need to create guidelines setting forth the responsibilities of officers and directors when a company approaches insolvency or becomes insolvent.

A subsidiary, subsidiary company, or daughter company, is a company that is owned or controlled by another company.

The system for compensation by the State came into play when the offender was insolvent.

Company H.J. Heinz Company of Canada Ltd.

But no one will bail out these super sovereigns if the sovereigns prove to be insolvent.

Similarly, super sovereigns cannot continue to bail out distressed sovereigns that are insolvent rather than illiquid.

a rapid reduction of insolvent households debt burden, preceded by a temporary freeze on all foreclosures

If these countries became insolvent and curtailed their expenditure, a new worldwide recession would be likely.

This is why Greece is insolvent and a coercive restructuring of its public debt is inevitable.

So it should be reserved for cases when the country as a whole has grown insolvent.

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