the liquidator must be empowered to use appropriate priority procedures to recover monies owing to companies, in advance of settlement with creditors and as an alternative to transfers of claims;

the liquidator must be empowered to use appropriate priority procedures to recover monies owing to companies, in advance of settlement with creditors and as an alternative to transfers of claims;

– the liquidator must be empowered to use appropriate priority procedures to recover monies owing to companies, in advance of settlement with creditors and as an alternative to transfers of claims;

(a) where resolution authorities transfer only parts of the rights, assets and liabilities of the institution, the shareholders and the creditors whose claims have not been transferred, receive in payment of their claims at least as much as what they would have received if the institution had been wound up under normal insolvency proceedings immediately before the transfer,

2. Attachment orders should be available from the time of filing of monetary claim proceedings; justified urgency may allow earlier orders, providing proceedings follow; orders should freeze accounts, not transfer funds until there is a subsequent court order from the Member State where the account is held, which should also resolve any issue of priority of claim; assets over the amount of the monetary claim, including costs, should not be frozen;

The aid involves : A. distribution to milk producers of the shares of Dairy Crest (a wholly owned subsidiary of the Milk Marketing Board for England and Wales (MMB) that is its selling arm for processed products), B. transfer of the Genus business (artificial insemination husbandry) from MMB to Genus Limited and the corresponding transfer of shares in Genus Limited to dairy producers, C. transfer of certain assets to the Residuary Board, which will be responsible for paying the outstanding debts of the MMB. D. transfer of certain MMB assets (cash + assets: total value +/- #39m) to a new cooperative, Milk Marque, for the collection and ma ...[+++]rketing of milk, and, via certificates of entitlement, to dairy producers.