Примери за използване на Cessation of payments на Английски и техните преводи на Български
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What is the cessation of payments?
Groupings shall be subject to national laws governing insolvency and cessation of payments.
Liquidation, insolvency, cessation of payments and liability.
Whereas groupings are subject to national laws relating to insolvency and cessation of payments;
To protect the interests of creditors,the period between the cessation of payments and the order is regarded as the‘suspect period'.
Any mortgage orany other rights in rem granted by the debtor for debts contracted before the cessation of payments.
The court will set the date of cessation of payments, which may not be more than two years before the date of publication of the judgment.
Legal set-off is possible despite the cessation of payments.
However, the court may decide that cessation of payments has occurred on a date up to 18 months before the date of opening the insolvency proceedings.
The business manager must request this procedure within 45 days of cessation of payments.
The period from the date of cessation of payments to the date of opening judicial reorganisation or judicial liquidation proceedings is in that case referred to as the‘suspect period'.
Norman, Schacht also sought an English loan of $2 billion, anda reduction and then cessation of payments on old loans.
Cessation of payments: this means that unquestionable debts due for payment(e.g. wages, social security, etc.) are unpaid, with term or contingent debts and natural obligations not being sufficient; and.
Based on the findings of the Committee, the government proved that… the debt was illegitimate and declared cessation of payments… for 70% of Ecuador's debt in bonds.
As regards liquidation,insolvency, cessation of payments and similar procedures, an EGTC shall be governed by the laws of the Member State where it has its registered office, unless otherwise provided in paragraphs 2 and 3.
In order to safeguard the interests of creditors,the period between the cessation of payments and the declaration of bankruptcy is deemed a"suspect period".
A dominant influence shall not be presumed to be exercised solely by virtue of the fact that an office holder is exercising his functions, according to the law of a Member State relating to liquidation,winding up, insolvency, cessation of payments, compositions or analogous proceedings.
It covers the risk for the trader in the meaning of the Commercial Act, of cessation of payments, insolvency and subsequent bankruptcy of their contracting parties.
(8) A dominant influence shall not be presumed to be exercised solely by virtue of the fact that an office holder is exercising his functions, according to the law of an EEA State relating to liquidation,winding up, insolvency, cessation of payments, compositions or analogous proceedings.
The commencement of proceedings against a grouping on grounds of its insolvency or cessation of payments shall not by itself cause the commencement of such proceedings against its members.
This authorisation for the collection of accounts may only b revoked if you are in arrears with your payment obligations or if we become aware of any protest against cheques orbills of exchange, any cessation of payments or any negative information about you.
However, rights registered in the 10 days preceding the date of cessation of payments or thereafter may be declared null and void if more than 15 days have passed between the date of the mortgage deed and the date of registration.
We shall be entitled to revoke the contract if we learn of anyprotest against cheques or bills of exchange, any cessation of payments or any negative information about you.
If he fails to do so, in the event of non-fulfilment of his commitments or of cessation of payments occurring during the implementation of the safeguard or judicial reorganisation plan, the debtor runs the risk of cancellation of the plan and resumption of proceedings.
As a result, certain payments made by the bankrupt for debts falling due and any other acts carried out in return for payment during the suspect period may be voided if it is proven that the thirdparties who received the payments or who negotiated with the bankrupt were aware of the cessation of payments.
However, rights registered in the 10 days preceding the date of cessation of payments or thereafter may be declared null and void if more than 15 days have passed between the date of the mortgage deed and the date of registration.
Aleka Papariga mentioned the political proposal of the KKE, presenting the capabilities of the country and posed the question“When Greece possesses important development resources, when it is still today ranked 25th on the scale of wealthy countries, is it possible today for us to tolerate the fact that theycut our wages and pensions, that the state will carry out a cessation of payments, that they will cut our medicines and medical examinations?”.
However, rights registered during the 10 days preceding the period of cessation of payments or subsequently may be declared null and void if more than 15 days have expired between the date of the deed constituting the lien and its registration.
As regards winding-up, liquidation,insolvency, cessation of payments and similar procedures, an SCE shall be governed by the legal provisions which would apply to a cooperative formed in accordance with the law of the Member State in which its registered office is situated, including provisions relating to decision-making by the general meeting.
The commercial court will declare the trader bankrupt,set the date for the cessation of payments, appoint the various participants in the proceedings(official receiver, trustee), set the date for filing claims and the closing date for the verification of claims and formally close the bankruptcy proceedings.