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Annual Report of the Council of the Corporation of Foreign Bondholders Volume 30

Annual Report of the Council of the Corporation of Foreign Bondholders Volume 30


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ... every reason to hope that a settlement of the Debenture-holders' claims would be promptly effected, and it is, therefore, very disappointing to find that all sorts of irritating delays have been interposed. The two " Syndics " who were first appointed to carry out the liquidation were dismissed by the Judge of the Commercial Court for having presented a n inventory and balancesheet drawn up by the old Directorate, whose administration had been characterised by such painful scandals. The deposed "Syndics" had recourse to the Court of Appeal, which reversed the sentence of the Judge of the Commercial Court on the ground that the " Syndics " were the largest creditors, and, as such, should act as liquidators. The progress of the liquidation was thus retarded, and matters were further complicated by the fact that prior to the reversal of his sentence the Judge of the Commercial Court had ordered that the creditors should appear for the purpose of drawing up a list from which two new "Syndics" were to be chosen. After the judgment of the Appeal Court was rendered, the Judge of the Commercial Court appointed two experts to check the inventory and balancesheet, but it was not until the beginning of July that the books necessary for the examination were produced. It is stated that the Judge of the Commercial Court is desirous, before proceeding further, that the frauds committed by the old Directorate should be thoroughlyinvestigated, and it is therefore apparent that the liquidation has up to the present not advanced beyond its preliminary stage. The Council must again express their regret at the extraordinary manner in which, under Brazilian law, it is possible to delay and obstruct the administration of justice, and they ...


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Product Details
  • ISBN-13: 9781130117110
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 108
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1130117111
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 209 gr


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