The company says if a rescue package is not agreed soon, it will face liquidation or receivership within three weeks. |
The liquidators consulted the liquidation committee and obtained its approval. |
About 300 employees were retrenched when the companies were placed in provisional liquidation. |
Of course, if the company went into liquidation, that would be a different question. |
You could have an action like this early on in the liquidation of an insurance company that wrote long-tail insurance. |
An abrupt reversal caught the markets off-guard, requiring an immediate liquidation of leveraged long positions. |