Examinership
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company. It allows a company to restructure with the approval of the High Court. To obtain the appointment of an examiner it is necessary to petition the High Court and persuade the court that there is a reasonable prospect of survival of the company and the whole or part of its undertaking if an examiner is appointed. In most schemes of arrangement an investor will invest in the company and part of the money invested will be used to pay a dividend to each class of creditors.
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Examinership
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company. It allows a company to restructure with the approval of the High Court. To obtain the appointment of an examiner it is necessary to petition the High Court and persuade the court that there is a reasonable prospect of survival of the company and the whole or part of its undertaking if an examiner is appointed. In most schemes of arrangement an investor will invest in the company and part of the money invested will be used to pay a dividend to each class of creditors.
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Examinership is a process in I ...... nd to each class of creditors.
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Examinership is a process in I ...... nd to each class of creditors.
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Examinership
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