In the context of corporate insolvency, which of the following describes the purpose of an administration order?
A、To allow the company to pay its debts before it is liquidated
B、To prevent legal actions being taken against it
C、To attempt to rescue the company as a going concern
A、To allow the company to pay its debts before it is liquidated
B、To prevent legal actions being taken against it
C、To attempt to rescue the company as a going concern
【参考答案及解析】
The main purpose of administration is to attempt to rescue the company as a going concern. During this time the company will be protected from legal action but this is not the purpose of administration.
The main purpose of administration is to attempt to rescue the company as a going concern. During this time the company will be protected from legal action but this is not the purpose of administration.