Corporate Changes & Regulation game

Administrator and liquidator, among other tasks, _________ (meaning: sell) the company’s assets.

synonym for "purchase" of a company by another

The creditors applied for compulsory _________________ (noun) of the company after the reports of its insolvency became public.

It was described as a ____________ _____________ (2-word noun) after the target company's shareholders voted against it.

A person appointed by the Court to realize the assets of an insolvent company and make sure that the creditors get paid.

It was decided that, despite its imminent insolvency, the company should continue trading as a _______________ (2 word noun) in one final attempt to rescue it.

employees and tax authorities are considered to be __________________ (noun) meaning that an insolvent company will have to pay them before other (secured and unsecured) creditors.

The Board has just ____________ (verb) an EGM to discuss a possible voluntary winding up given the extensive losses borne by the company in 2020 due to the pandemic.

The Judge just _____________ (verb) the hearing dealing with appointment of an Administrator after the company's and creditors' respective lawyers couldn't agree on the best way to move forward.

an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition