suspension of payments

That same day the Reading announced suspension of payments on debt.

"Suspension of payments per se is neither positive nor negative," he said.

The crown was thus able to hide its own expected bankruptcy with a politically and morally necessary suspension of payments.

Both nations signed treaties with Mexico, and by so doing accepted the temporary suspension of payments in April 1862.

"Any delays do not mean a suspension of payments nor the declaration of a moratorium," the spokesman said.

On the use of EU money, the will require a suspension of payments in case of serious problems.

Winding-up, liquidation, insolvency, and suspension of payments are in large measure to be governed by national law.

Mexico has lost one of its most important bargaining chips: the threat of a suspension of payments, alone or with other debtors.

Banco Exterior was reported to have insisted to the very end that its intention was to recover the debt, "with or without suspension of payments."

Together with Israel's decision to close the Palestinian territories, the suspension of payments is bound to exert immediate and severe economic hardship.

On 9 November 1607 Philip III announced a suspension of payments.

Continuing rumours about its financial position and a climate of depreciation in gilt-edged securities, led to a suspension of payments.

Tax credits - suspension of payments What happens if you've not given the Tax Credit Office the information they asked for.

Argentina owed a substantial debt to Barings Bank and suspension of payments due to the blockade had caused financial concerns.

However, the failure and suspension of payments of this type of undertaking would create a political, social and personal problem with incalculable consequences.

Unable to sustain the cost of a war on three fronts, Philip II was forced to declare a suspension of payments in 1596.

Brazil's President Jose Sarney said in an interview published today that he would repeat a suspension of payments on his country's foreign debt if merited.

DataCell had earlier said that suspension of payments towards WikiLeaks is a violation of the agreements with their customers.

"Many people think Brazil's moratorium is a good example," one Government official said, referring to Brazil's suspension of payments to foreign banks last February.

A Unisys spokesman, William J. Beckham, said the suspension of payments and orders to its subcontractor had been "indefinite."

The group's suspension of payments directly affects 4,500 employees of FESA, who will continue working for a fraction of their salary.

To this end we will have to change certain laws, such as for example the European laws on insolvency in general, on the suspension of payments and bankruptcy.

Thus, the Commission will be able to have recourse, in compliance with the principle of proportionality, to provisions governing the suspension of payments, unless special circumstances apply.

Ball in Government Court By declaring suspension of payments, Ercros has passed the ball to the Government and creditor banks.

Kaupthing's Luxembourg subsidiary asked for, and obtained, a suspension of payments (similar to chapter 11 protection) in the Luxembourg District Court.