会社更生法
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Meanings
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Corporate Reorganization Act
A specific Japanese law providing a legal framework for the rehabilitation of financially troubled companies, similar to Chapter 11 in the US.
An increasing number of companies are filing for protection under the Corporate Reorganization Act.
Usage patterns
- 会社更生法を適用するto apply the Corporate Reorganization Act (to a company)
The court decided to apply the Corporate Reorganization Act to the company.
- 会社更生法の適用を申請するto file for application of the Corporate Reorganization Act
The company, whose finances had deteriorated, filed for application of the Corporate Reorganization Act.
- 会社更生法に基づいて〈事〉を行うto carry out (a procedure) based on the Corporate Reorganization Act
The rehabilitation procedure was carried out based on the Corporate Reorganization Act.