Examples of Corporate Reorganization Act in a sentence
When an Obligor becomes insolvent, the Bankruptcy Act, the Civil Rehabilitation Act or the Corporate Reorganization Act will apply to that Obligor.
On February 27, 2012 (the “Petition Date”), Elpida and Akita Elpida Memory, Inc., a wholly owned subsidiary of Elpida, (collectively, the “Debtors”) filed voluntary petitions in the Tokyo District Court (the “Court”) to commence corporate reorganization proceedings under the Corporate Reorganization Act (Kaisha Kosei Ho) of Japan (the “Reorganization Act”).
Audit Policy - According to the Corporate Reorganization Act, the bankruptcy court appointed a statutory auditor on April 6, 2004.
Anam Construction became insolvent and filed an application for corporate reorganization under the Korean Corporate Reorganization Act on October 24, 1998.
Neither the Trustees (which include Both Reorganization Companies) nor the Sponsor may make any claim whatsoever against the other party (where the other party is the Trustees, it includes Both Reorganization Companies), with respect to any damage incurred in connection with this Agreement except for any claim under Article 23; provided, that this Article 21 shall not limit the parties’ rights to pursue any remedies available to them under Law, including the Corporate Reorganization Act and the Civil Code.
All of RHHI’s shares were held by a single individual, although these shares were subsequently cancelled.193 193 Korea asserts that, under Article 221(4) of the Corporate Reorganization Act, at least two-thirds of the shares held by the shareholder who influenced the directors in the mismanagement of a bankrupt company shall be written off.
Thrunet shall use best efforts to make an application to the Reorganization Court for termination of the reorganization procedures pursuant to the Corporate Reorganization Act, as quickly as possible after the completion of payment under Article 5 hereof of the reorganization security and reorganization credits owed by Thrunet.
As discussed in Note 1, the Company has filed a voluntary petition for reorganization under the Corporate Reorganization Act in the Republic of Korea.
It is managed in accordance with the provisions of Corporate Reorganization Act b.
As a result, on March 18, 1999, Anam Electronics filed an application for corporate reorganization under the Korean Corporate Reorganization Act.