trade creditors definition

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604 documents for trade creditors definition
  • 1. The Third and Fifth Defendants make applications both dated 31 January 2013 to set aside service of these proceedings upon them outside the jurisdiction in Russia pursuant to the Order of Cooke J dated 24 October 2012. 2. The Claimant (referred to hereafter as ``Erste'') is the London branch of an Austrian bank. It was one of a syndicate of lenders (``the Lenders'') who participated to the extent of 25% each in a US$80 million loan to the First Defendant (referred to hereafter as ``the borrower'') pursuant to a Facility Agreement (``the Loan Agreement'') dated 26 November 2007. At the time, the borrower owned and operated one of Russia's largest steel works, the Red October facility in Volgograd, employing thousands of people and supplying the Russian defence industry. The original lend...

    ... a concept not capable of very precise definition which reflects that the plaintiff must properly ... the borrower to the initial meeting of creditors of the company on 17 June 2010, from 4 April 2007 ... guarantor to another affiliate of RT, ZAO Trade House VMZ Red October. On 6 and 7 September 2012, ...

  • 3.  In Part 1 of Schedule 1 (commencement of repeals made by the Companies Act 2006) to the Companies Act 2006 (Commencement No. 8 , Transitional Provisions and Savings) Order 2008(2) , omit the entry relating to the Companies Consolidation (Consequential Provisions) Act 1985. 4.—(1) The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009(3) is amended as follows. (2) In article 12 (saving for earlier consequential amendments, transitional provisions and savings)— (a) in paragraph (1) omit the words “the Companies Consolidation (Consequential Provisions) Act 1985 and”; (b) in paragraph (2) omit the words “Act or” in each place where they appear. (3) In Schedule 3 (provisions relating to old public companies)— (a) for paragraph 1 (meaning of “old pu...

    ... 24(6) (consideration of proposals by creditors’ meeting) as it has effect by virtue of—. (a) ...(2) In the definition of “group” in regulation 2 (interpretation) , ... commits an offence if it carries on a trade, profession or business under a name that ...

  • 1. The issue that arises for determination in this claim is the true interpretation of Clause 3.1.1 of a Legal Charge dated 29 September 2008 made between the Claimant, Fons HF (``Fons'') (1) and Kaupthing Bank Luxembourg S.A. (``Kaupthing'') (2) (``the Charge''), and whether the first legal mortgage of ``the Shares'' provided for thereby extends to Fons' rights under two shareholder loan agreements dated 17 October 2007 and 15 February 2008 (``the SLAs'') pursuant to which Fons lent the respective sums of £563,500 and 35% of £1,500,000 to Corporal Limited (``Corporal''), a company in which Fons was the holder of both ordinary and preference shares. 2. The expression ``Shares'' referred to in Clause 3.1.1 of the Charge was defined by Clause 1.1 thereof to mean: ``All shares (if any) specif...

    ...), which argues that the wording of the definition set out in para 2 above (``the Definition'') is, ...`Baugur'') and Talden (as ``Subordinated Creditors'') (2) and RBS (3), regulating the respective ... making any payment due, Corporal ceasing to trade, and Corporal becoming insolvent;. 13.2.2 At any ...

  • THE last bus company of controversial businessman Clayton Jones is set to go into liquidation. Creditors of the Heart of Wales Bus and Coach Company, whose sole director is the former Plaid Cymru councillor, are due to meet in Swansea tomorrow.

    ..., four employees owed unpaid wages, 26 trade creditors and a hire purchase shortfall. An ... said Mr Jones met the loose definition of a "rogue operator". He wrote: "I have no ...

  • 1. The Stemcor Group carries on business as one of the world's largest independent traders of steel and raw material for the steel industry. The group has four principal activities: upstream mining and processing; trading and distribution; stockholding; and financial products. The parent of this group is Stemcor Holdings Limited (SHL). 2. This is an application for orders under s899 of the Companies Act 2006 to sanction schemes of arrangement relating to two companies in the group. They can be referred to as STFL and SEA. STFL manages the group's structured finance and offset operations and SEA is the group's Asian trading and distribution business and trades steel and related raw materials, primarily in the Far East. 3. At present the existing financial arrangements of the group incl...

    ... will be made available to the group creditors. The existing facility agreements will be ... objection was taken before me to the definition of the classes and so, given the observations of ...

  • ... the Target companies' other unsecured creditors, or (c) as neither; . vi. Under option (a) the .... 66. The definition of "provable debt" in rule 12.3 is strikingly ... a liquidation, in Secretary of State for Trade and Industry v Frid [2004] 2 AC 506, para 19, ...

  • 1. This case concerns nine payments which Centenary Holdings III Limited (``CH3'') made between March 2004 and February 2005. The second defendant, Mr Stephen Bloch, is said to have acted in breach of his duties as a director of CH3 in causing the company to make the payments, which totalled more than £10 million. The first defendant, Mr Murray Richards, is said to bear responsibility as well: both as a ``shadow director'' and for dishonestly assisting Mr Bloch's alleged breaches of duty. 2. CH3 went into liquidation in the middle of 2005. Vivendi SA (``Vivendi'') brings the claim pursuant to an assignment from CH3's liquidators. CH3 itself has also been joined as a claimant. The parties 3. Vivendi is a major French company with interests, in particular, in media and telecommunications. In...

    ... George Hudson Pty Limited and its creditors and given a sentence of some ten years' ... of Appeal considered the statutory definition in Secretary of State for Trade and Industry v ...

  • ... the Target companies' other unsecured creditors, or (c) as neither; . vi. Under option (a) the .... 66. The definition of "provable debt" in rule 12.3 is strikingly ... a liquidation, in Secretary of State for Trade and Industry v Frid [2004] 2 AC 506, para 19, ...

  • The Republican candidate, Mitt Romney, who co-founded the private equity giant Bain Capital, became a symbol for the industry titans and their excesses: their aggression in hunting corporate prey, asset-stripping, outsourcing, layoffs, busting the unions and borderline legal behaviour, not to mention their lobbying, their devious offshore tax shenanigans and their risky debt-loading. Hedge funds, by contrast, are flightier and can flip in and out of liquid assets at high speed if necessary: stocks, bonds, dangerous derivatives, commodities, foreign exchange, and so on. Private equity firms like to use a metric called the internal rate of return (IRR), a common business tool - but which, in the hands of a private equity cheerleader, can make a pedestrian performance look stratospheric.

    ..."By definition, those are small strategies." Once too many ...You can only invest passively: you don't trade, you don't turn over your portfolio, you try to ... out of pension obligations, stiffing creditors and contrac- tors, and more - sometimes ...

  • ... the Target companies' other unsecured creditors, or (c) as neither; . vi. Under option (a) the .... 66. The definition of "provable debt" in rule 12.3 is strikingly ... a liquidation, in Secretary of State for Trade and Industry v Frid [2004] 2 AC 506, para 19, ...

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