This includes another firm buying the liability of a failing company and ________ assuming ownership of its asset often at an public sale value. An utility should be made to the Federal High Court for the P&A to be sanctioned. The assumed company doesn't go through the formal winding-up course of however is dissolved by way of a judicial sale of its property and liabilities to the purchasing firm. This is an external restructuring choice for a failing company, additionally aimed at lowering ...
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