|
Reconstruction
Reconstruction may refer to: Politics, history, and sociology *Reconstruction (law), the transfer of a company's (or several companies') business to a new company *''Perestroika'' (Russian for "reconstruction"), a late 20th century Soviet Union political movement * Critical reconstruction, an architectural theory related to the reconstruction of Berlin after the end of the Berlin Wall *Economic reconstruction * Ministry of Reconstruction, a UK government department *The Reconstruction era of the United States, the period after the Civil War, 1865–1877 ** The Reconstruction Acts, or Military Reconstruction Acts, addressing requirements for Southern States to be readmitted to the Union *Reconstruction Finance Corporation, a United States government agency from 1932–1957 Arts, entertainment, and media Films * ''Reconstruction'' (1968 film), a Romanian tragicomedy * ''Reconstruction'' (2001 film), about the 1959 Ioanid Gang bank heist in Romania * ''Reconstruction'' (2003 film), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reconstruction (law)
{{distinguish, Restructuring Reconstruction, in law, is the transfer of a company's (or several companies') business to a new company. The old company will get put into liquidation, and shareholders will agree to take shares of equivalent value in the new company. In UK company law, the governing provisions are in the Insolvency Act 1986, ss. 110–111. The sanction of a court is not required (unlike under a so-called " scheme of arrangement", which could or creditors). Yet if a shareholder objects, he or she may require a cash payment instead of shares. Creditors who object to have their debts transferred to a new company can demand satisfactions during the old company's liquidation. Small private companies, family companies and investment trusts often use the procedure. The purposes can vary, from changing the objects of the business, varying share class rights, or reorganize before a demerger takes place. See also * Bankruptcy * Mergers and acquisitions References * L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |