a resolution is passed or order is made for its winding up
Romanian translation: se ia o hotărâre sau se dă un ordin privind lichidarea sa
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06:44 Jul 4, 2008
English to Romanian translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:a resolution is passed or order is made for its winding up
If the Purchaser becomes bankrupt or insolvent, has a receiving order issued against it, compounds with its creditors, or, being a corporation, if a resolution is passed or order is made for its winding up (other than a voluntary liquidation for the purposes of amalgamation or reconstruction), a receiver is appointed over any part of its undertaking or assets, or if the Purchaser takes or suffers any other analogous action in consequence of debt.