Corporate Reorganisation Act definition

Corporate Reorganisation Act means the Corporate Reorganisation Act of Japan (Act No. 154 of 2002, as amended);
Corporate Reorganisation Act means the Corporate Reorganisation Act of Japan (Act No. 154 of 2002, as amended) or any successor legislation thereto.

Examples of Corporate Reorganisation Act in a sentence

  • In these Conditions, “Relevant Proceedings” means proceedings of or equivalent to bankruptcy, reorganisation, rehabilitation or special liquidation procedures or adjustment under the Bankruptcy Act, the Corporate Reorganisation Act, the Civil Rehabilitation Act or the Companies Act in respect of any corporations incorporated in Japan, or any other similar applicable law of Japan or any other jurisdiction.

  • In certain cases (for example, under the Corporate Reorganisation Act), the borrower can use net operating losses that have already expired to offset debt-waiver income.

  • If some ofthe creditor class(es) do not approve the plan, the court can permit the plan by including clauses that substantially protect the dissenting creditor(s) (Article 200.1, Corporate Reorganisation Act).The reorganization plan becomes effective when the permitting order becomes final and binding (Article 201, Corporate Reorganisation Act).

  • Until the expiry of the Acceptance Period, the Target Company is insolvent or over-indebted or in the process of liquidation or insolvency or restructuring proceedings ( Konkurs-, Sanierungs- oder Restrukturierungsverfahren) or proceedings pursuant to the Corporate Reorganisation Act (Unternehmensreorganisationsgesetz) have been initiated or the initiation of insolvency proceedings have been rejected by court due to the lack of assets (mangels Masse abgewiesen).

  • Until the expiry of the Acceptance Period, the Target Company is insolvent or over- indebted or in the process of liquidation or insolvency or restructuring proceedings ( Konkurs-, Sanierungs- oder Restrukturierungsverfahren) or proceedings pursuant to the Corporate Reorganisation Act (Unternehmensreorganisationsgesetz) have been initiated or the initiation of insolvency proceedings have been rejected by court due to the lack of assets (mangels Masse abgewiesen).

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  • These proceedings (kaisha-kousei-tetsuzuki) are based on the Corporate Reorganisation Act.

  • The insolvency of the primary debtor does not generally affect claims against a guarantor, or against a security provider, to enforce a guaranteed or secured creditors' interest (unless the primary debtor is also the security provider) (Article 177.2, Civil Rehabilitation Act and Article 203.2, Corporate Reorganisation Act).

  • In certain cases (for example, under the Corporate Reorganisation Act), the borrower can use net operating losses that have already expired to offset this "debt-waiver" income (Article 59, CTA).

  • Where a loan or line of credit is granted during a crisis, i.e. at a point in time at which the GmbH is either overindebted orinsolvent or where the parameters for a presumption of manda- tory reorganisation are present under the Austrian Corporate Reorganisation Act (German acronym: URG), then as a rule the grant of the loan will be deemed a “substitution of equity” sub- ject to the Austrian Equity Substitution Act (German acronym: EKEG).

Related to Corporate Reorganisation Act

  • Reorganisation means (without limitation) any transaction, deemed transaction, step, procedure or agreement, including (but without limitation) the transfer, distribution, contribution or settlement of assets and/or liabilities.

  • Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.

  • OBCA means the Business Corporations Act (Ontario);

  • CCAA means the Companies’ Creditors Arrangement Act (Canada).

  • CBCA means the Canada Business Corporations Act;

  • BCBCA means the Business Corporations Act (British Columbia);

  • Articles of Amalgamation means the articles of amalgamation giving effect to the Amalgamation required under the OBCA to be filed with the Director;

  • Companies Act means the Companies Act (as amended) of the Cayman Islands.

  • ABCA means the Business Corporations Act (Alberta), R.S.A. 2000, c. B-9, as amended, including the regulations promulgated thereunder;

  • Organisation means a legal body which exists separately and distinctly from its members and includes companies, building societies, community benefit societies, local authorities and so on and also for the purposes of these Rules includes unincorporated organisations such as social clubs, branches of political parties or trade unions and other voluntary bodies.

  • Companies Law means the Companies Law (2018 Revision) of the Cayman Islands, as amended from time to time.

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Corporations Act means the Corporations Act 2001 (Cth).

  • Electronic Transactions Act means the Electronic Transactions Act (As Revised) of the Cayman Islands.