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"liquidator" Definitions
  1. a person or organization responsible for closing down a business and using any profits from the sale to pay its debts

120 Sentences With "liquidator"

How to use liquidator in a sentence? Find typical usage patterns (collocations)/phrases/context for "liquidator" and check conjugation/comparative form for "liquidator". Mastering all the usages of "liquidator" from sentence examples published by news publications.

No, now it is Twitter, the one stop career liquidator.
He's a liquidator, and his wife joined him in the business.
A liquidator had arranged a fire sale of the items inside.
It said it had appointed the Deposit Insurance Board as a liquidator.
"You need to come back right now," the liquidator told Mr. Mahan.
"They really aren't wines that would typically go to a liquidator," he said.
Grant Thornton was appointed liquidator in July 2017, and is representing nearly 3,000 investors.
The liquidator, Chan Leung Lee, of BDO Ltd in Hong Kong, declined to comment.
Grant Thornton was appointed liquidator in July 2017, and is representing nearly 3,000 investors.
"The liquidator in Morocco ... has taken the view that the refinery needs to run," Beard said.
The liquidator will now consider the offer, which will be fully financed by the consortium's own capital.
Samir and the Moroccan state-appointed liquidator for the refinery declined to comment when contacted by Reuters.
Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' KCM business.
Most creditors will probably lose more than 90 percent of capital, Handelsblatt reported, citing the insolvent firm's liquidator.
The Cypriot insurance regulator appointed a provisional liquidator for Olympic Insurance, which operated in Cyprus and Bulgaria, on Aug.
The bank requested the appointment of a liquidator, as Sainty Marine is already overdue on $81 million in loans.
For the story, "60 Minutes" did its own testing on laminate flooring available at Lumber Liquidator stores in five states.
Friday's hearing was adjourned because Vedanta had not served documents, Jonas Zimba, the lawyer for KCM's appointed liquidator, told reporters.
But the government-appointed liquidator needs to bring in new money to run KCM, which requires significant investment, analysts say.
Vedanta confirmed that the order to stay the powers of the liquidator had been lifted until the July 4 hearing.
Sears has lined up a liquidator to sell off the chain's vast inventories of tools, appliances and store fixtures if necessary.
A court-appointed provisional liquidator helps safeguard the assets of the company until a wind-up application is heard by the court.
Platinum's largest group of funds, Platinum Partners Value Arbitrage, is being wound down under the supervision of a Cayman Islands-based liquidator.
We embark on the mission with an unnamed liquidator in real-time, realizing how dangerous yet nearly futile the efforts must have felt.
A proposed settlement between Thiel Capital LLC and a liquidator for Gawker Media LLC was filed with the U.S. bankruptcy court in Manhattan.
Vedanta Resources is challenging the appointment of a provisional liquidator without being given the chance to be heard through lawyers of its choice.
Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run Vedanta Resources' KCM business and is seeking international arbitration.
Liquidator Mohamed el-Krimi said on Monday that he would only consider bids to buy the Samir refinery that included a production restart.
Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes Konkola Copper Mines (KCM) business.
The ECJ found that the liquidator had a conflict of interest and that Behrends could bring an action on behalf of the bank.
For now the provisional liquidator, who says business is continuing as usual at KCM, is in charge of day-to-day running of KCM.
Vedanta also wants the court to determine whether the lawyers appointed by the provisional liquidator on its behalf can appear in court to represent it.
The Official Receiver, which manages insolvencies for the British government, is handling Carillion's liquidation, with PwC appointed by the High Court to support the liquidator.
It is fighting Zambia's decision this month to name a provisional liquidator to run KCM after the government accused KCM of breaching its operating license.
In all of these scenarios, a company's liquidator looks at the company's secured and unsecured loan agreements, along with who owns preferred versus common stock.
Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run its Konkola Copper Mines (KCM) business and is seeking international arbitration.
Vedanta, founded by Indian billionaire Anil Agarwal, is seeking international arbitration over Zambia's appointment of the provisional liquidator, it said in a statement on Friday.
Sears has hired liquidator Abacus Advisory Group to sell the retailer's inventory and other physical assets if takeover negotiations with chairman Eddie Lampert fail, Reuters reports.
But now, the company will be closing more than 212 locations across the country, after a liquidator won the auction for its business in bankruptcy court.
According to a notice filed in court on June 6, Vedanta wants to be represented by lawyers Nchito & Nchito and not those appointed by the provisional liquidator.
The proposed settlement between Thiel Capital LLC and a liquidator for Gawker Media LLC requires the approval of a judge at the U.S. bankruptcy court in Manhattan.
But now, the company will be closing its more than 500 locations across the country, after a liquidator won the auction for its business in bankruptcy court.
So far, court proceedings that have appointed a provisional liquidator have not involved Vedanta, which the Zambian government has accused of breaching the terms of its licence.
Gordon Brothers had already been working on store closing sales for Wet Seal with the help of liquidator Hilco Merchant Resources LLC, according to bankruptcy court documents.
"It is illogical to expect that lawyers appointed by the provisional liquidator can oppose his appointment and present an independent case in opposition of the liquidation," it says.
The letter says if the former managers do not pay the 300 million euros within 30 days then the liquidator will take legal action to force them to.
Zambia's dispute with Vedanta began in May when the government of Africa's second biggest copper producer appointed a liquidator to run KCM, saying it had breached its licence.
JOHANNESBURG, July 23 (Reuters) - South Africa's High Court on Tuesday granted an urgent interdict halting the wind-up proceedings by a provisional liquidator at Vedanta's Konkola Copper Mines (KCM).
GABORONE, Jan 17 (Reuters) - The provisional liquidator of BCL Mine Limited, Botswana's largest copper and nickel producer, will next month recommend that the state-owned company be wound down.
A liquidator bidding process also needs to be established, particularly because the job is likely too large for any one firm (even if those 200 U.S. stores are saved).
Bids for the contract on the naming rights, which extend through 2021 are due Monday, according to an advertisement on the website of a liquidator hired to sell them.
To declutter stores, the company said that more than $350 million in inventory will be removed before the holiday season, through markdowns, clearance events and hiring an independent liquidator.
Zambia's decision to name a provisional liquidator to run KCM, one of the country's biggest employers, has unnerved international miners concerned about rising resource nationalism in Zambia and neighboring countries.
Zambia's decision to name a provisional liquidator to run KCM, one of the country's biggest employers, has unnerved international miners concerned about rising resource nationalism in Zambia and neighbouring countries.
Some have organized in a Facebook group where they've discussed reaching out to the liquidator in an attempt to recover some of Holi's assets and make the product open source.
When the apartment's contents of value — stereo, cameras, enlargers — were catalogued for sale, the estate liquidator held onto 14 boxes filled with Polaroids, sensing they might also be worth something.
The central bank said it had revoked the license for Mbinga Community Bank Plc, stopped its operations and appointed the state-owned Deposit Insurance Board as its liquidator from Friday.
She relied on an estate liquidator in Florida; the Maine house sold furnished, but the buyers let Ms. Murphy cherry-pick pieces to keep for her own home in Manhattan.
The Zambian government's decision to appoint a provisional liquidator to run Vedanta Resources' Konkola Copper Mines, claiming licence breach, has added to concerns for international miners such as First Quantum.
Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.
The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern England.
Vedanta has been locked in a dispute with the Zambian government since May, when Lusaka appointed a liquidator to run KCM, which is 20% owned by ZCCM and the rest by Vedanta.
Canadian-listed First Quantum has looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta's Konkola Copper Mines (KCM), claiming KCM has breached the terms of its licence.
LUSAKA (Reuters) - Vedanta Resources said on Thursday it will challenge in court a decision by Zambia's High Court to appoint a legal firm as a provisional liquidator of Konkola Copper Mines (KCM).
Canadian-listed First Quantum has looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta's Konkola Copper Mines (KCM), claiming KCM has breached the terms of its license.
Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM-IH.
LUSAKA, Oct 9 (Reuters) - Zambia's Konkola Copper Mines (kCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a leak, the provisional liquidator Milingo Lungu said.
A court hearing has been scheduled for Friday, according to documents seen by Reuters, following a high court order this week that named a Zambian law firm as the liquidator to oversee KCM.
However, the ECJ reversed the General Court's finding that a lawyer, Okko Behrends, could no longer bring an action on behalf of the bank because a liquidator had revoked his power of attorney.
NEW DELHI/BENGALURU (Reuters) - Global mining conglomerate Vedanta Resources said on Friday it was seeking international arbitration over Zambia's appointment of a provisional liquidator to run the company's Konkola Copper Mines (KCM) business.
LUSAKA/LONDON - Zambia's decision to name a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM) business, one of the country's biggest employers, has rattled international miners concerned about rising resource nationalism.
"With some UTPs effectively headed for liquidation, successful recovery means that you have to be an excellent turnaround expert across industries as well as a good liquidator: it's not easy," one source said.
ZURICH, Jan 9 (Reuters) - Swiss private bank Julius Baer said on Thursday it was confronted with a renewed claim for 335 million euros ($372.49 million) plus interest by the liquidator of a Lithuanian corporation.
As part of the process to declutter stores, Winston said that more than $350 million in inventory will be removed from stores before the holiday season, through markdowns, clearance events, and an independent liquidator.
It filed for insolvency seeking to orderly redress and restructure the business and continue profitable operations, Thomas Cook GmbH said, adding that a German court could appoint a liquidator as soon as on Wednesday.
A court hearing following Zambia's decision to name the provisional liquidator to run Vedanta's Konkola Copper Mines (KCM) business was adjourned until Tuesday without tackling the company's demands to be involved, Vedanta said last week.
The liquidator has produced a slick video that it has posted on YouTube with the tagline "the sale everyone has been waiting for in Khobar" featuring some of the properties and land to be sold.
LUSAKA, June 28 (Reuters) - A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors.
LUSAKA (Reuters) - Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.
Although the sum sought is relatively small, a spokesman for Air Berlin liquidator Lucas Floether said the complaint could derail the sale of Niki to IAG's low-cost Vueling operation that was agreed last week.
Lawyers for the liquidator, William Holden, said in court papers it would be "time-consuming and costly" to keep investigating Thiel's role in Gawker's demise, and that settling was best for the bankruptcy estate and creditors.
Vedanta wants the court to determine "whether a confirmation of the provisional liquidator and the compulsory liquidation can be conducted without the company or its directors being heard through lawyers of their choice," the notice reads.
Vedanta has been locked in a dispute with the Zambian government since May when it appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM and the rest by Vedanta.
Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM and the rest by Vedanta.
In retail bankruptcies, a sale could come to competitors or investors who plan to keep the company afloat in some capacity or to a liquidator that plans to sell the remaining assets to the highest bidder.
They are also being wound down under the supervision of a Cayman Islands-based liquidator per the mandate of a local court and received bankruptcy protection from a U.S. court to avoid an asset fire-sale.
JOHANNESBURG, June 28 (Reuters) - Vedanta said on Friday a Zambian court had withdrawn an order staying the powers of a provisional liquidator at its Konkola Copper Mines (KCM) unit pending another court hearing on July 4.
"As part of the decision handed down today the stay on the exercise of the powers of the Provisional Liquidator has been lifted pending the inter parties hearing on July 4," Vedanta said in a statement.
The railway infrastructure operator is working with British Steel's liquidator, the spokesperson said, adding that it was 'very clear' that Network Rail's offer would not undermine its preference of British Steel being sold in its entirety.
Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM-IH and the rest by Vedanta.
Two sources said Abraaj had started preparations for applying for provisional liquidation, a process in which a court appoints a liquidator on a provisional basis before hearing or ruling on a petition to wind up a company.
The bank has previously been confronted with claims by the liquidator, which said Julius Baer did not prevent two of its clients from embezzling assets of the Lithuanian corporation, an allegation the bank said it "vigorously" contested.
Vedanta Resources has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM-IH and the rest by Vedanta.
JOHANNESBURG (Reuters) - Vedanta Resources is open to dialogue with the Zambian government but will defend its legal rights and opposes the appointment of a provisional liquidator at its Konkola Copper Mines business, the company's CEO said on Monday.
Zambia's dispute with Vedanta, which erupted when the government appointed a liquidator to run its Konkola Copper Mines (KCM) business on the grounds it had breached its licence, intensified concerns among international miners about resource nationalism in Africa.
Mumbai-listed Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by ZCCM, Zambia's state mining company, and 80% owned by Vedanta.
Nikolay Chernyavskiy, 65, who worked at Chernobyl and later volunteered as a liquidator, recalls climbing to the roof of his apartment block in the nearby town of Prypyat to get a look at the plant after the accident.
Vedanta said in a statement that it had obtained a temporary order in South Africa's High Court allowing it to make an urgent request on July 16 for an injunction against ZCCM and a provisional liquidator at KCM.
ATHENS, Dec 20 (Reuters) - PQH, the liquidator for bad banks in Greece, has signed a deal to sell a 1 billion euro ($1.11 billion) portfolio of unsecured impaired loans to loan servicer Intrum Hellas, it said on Friday.
In Zambia, it has been locked in a dispute with the government since May, when Lusaka appointed a liquidator to run Konkola Copper Mines — 20% owned by Zambia's state mining company ZCCM-IH and the rest by Vedanta.
Deloitte, which earlier was hired by Huishan as an independent forensic accountant, is the leading candidate to act as provisional liquidator, people familiar with the matter told Reuters, declining to be identified due to the sensitivity of the matter.
According to the document, the firm is appointed to act "as provisional liquidator" until the conclusion of the hearing of a petition, brought by Zambia's mining investment arm ZCCM-IH under Zambia's corporate insolvency act, or a further order.
JOHANNESBURG, June 27 (Reuters) - Vedanta Resources said on Thursday a Zambian court had issued an order halting any move by the provisional liquidator of Konkola Copper Mines (KCM) to dispose of KCM's assets or make arrangements with its creditors.
It also said there were "no just or equitable grounds to wind up KCM" and said it believed the appointment of a provisional liquidator had added to the financial pressure on KCM, as well as putting jobs at risk.
Vedanta has been locked in a dispute with the Zambian government since May, when Lusaka appointed a liquidator to run Konkola Copper Mines (KCM), which is 20% owned by Zambian state mining company ZCCM and the rest by Vedanta.
"What the firm is doing is taking control of its own destiny by looking to appoint a provisional liquidator at the listed company level and putting their own choice of person in the role," one Hong Kong-based restructuring lawyer said.
In its 2013 annual report, Baer had disclosed the foreign corporation's liquidator had presented the private bank with a draft 12 million euro complaint and had filed a a payment order for 422 million euros, plus accrued interest from 2009.
KPMG and mainland associate KPMG Huazhen have refused to comply with a 2016 Hong Kong High Court order to provide copies of audit work papers to Borrelli Walsh Ltd, China Medical's liquidator, arguing it would violate China's national security laws.
"It is hereby ordered that the ex-parte order to stay some of the powers of the provisional liquidator dated June 26, 2019, be and is hereby vacated forthwith," the Zambian High Court said in a ruling seen by Reuters.
Gordon Brothers is best known as a liquidator, but Toubassy led its March 2017 acquisition of Wet Seal's brand name after the mall retailer shut down all of its stores and filed for Chapter 11 bankruptcy protection earlier that year.
LUSAKA, June 11 (Reuters) - Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show.
Agarwal said Vedanta worked to comply with Zambia's laws and tax requirements and said he did not understand why state-controlled ZCCM-IH, which holds around 20 percent of KCM, had gone to court to seek the appointment of a provisional liquidator.
LUSAKA, Aug 27 (Reuters) - Zambia's High Court on Tuesday suspended hearings on the winding up of Vedanta Resources' local mining business until the Court of Appeal rules on the lower court's refusal to let the matter go to arbitration, the provisional liquidator said.
Here are some of the main factors that may affect Swiss stocks: The Swiss private bank said on Thursday it was contesting a renewed claim in the amount of 335 million euros ($07303 million) plus interest by the liquidator of a Lithuanian corporation.
BERLIN, Oct 9 (Reuters) - Talks with potential strategic and private equity investors to rescue Thomas Cook's German tour business going well and many investors have expressed interest in the company as a whole or in its branches, the insolvent company's liquidator said.
Lowe's in a statement on its quarterly earnings said it decided on Friday to wind down the Orchard Supply chain, which has 99 stores in California, Oregon and Florida, and that it has taken on liquidator Hilco Merchant Services to help with store-closing sales.
The state-appointed liquidator of the only listed lender, Banca Etruria, is seeking 300 million euros ($335 million) from its former managers to compensate creditors and others who were damaged by their conduct, according to a letter sent to the managers and seen by Reuters.
"The Supreme Court's decision develops the law with regard to the nature and scope of the duty owed by financial institutions to their corporate customers in situations where fraud is suspected," said Christian Tuddenham, a lawyer at Jenner & Block that assisted Singularis' liquidator, Grant Thornton.
First Quantum's shares have been hammered over the last few months after the government of Zambia, which accounts for about 80% of its non-Panamanian production, appointed a provisional liquidator for rival Vedanta Resources' Konkola Copper Mines, stoking fears of resource nationalism in the highly indebted country.
The British liquidator of New World Resources (NRW), an energy group, is threatening to lodge a complaint about the Czech government at the ICSID under the Energy Charter Treaty, an international compact governing cross-border investments, over the insolvency and expropriation in 2017 of OKD, a Czech miner which NRW used to own.

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