Banco de Oro set to gobble up Steel Corp.
Just what exactly is a “rehabilitation receiver” in relation to a distressed company? Well, according to a corporate lawyer-friend of ours, this refers to someone appointed by the court whose main task is to devise and implement a recovery program with the objective of bringing a company in dire straits (read: financial difficulties) back to level ground. Normally, he is nominated by a creditor company who was responsible for the filing of a rehabilitation petition before a judge. Source: The Daily Tribune ALTERNATE URL: http://www.tribune.net.ph/commentary/20100311com4.html |
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29. Alam n'yo kaya na ngayon ang ika-115 na pagdiriwang ng pinakaunang
labanan ng Himagsikan bago pa man ang pangkalahataang pag-aaklas? Ngayon
unang lum...
13 years ago
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