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Powers of directors of a company which is placed in administration
- September 24, 2020
- Posted by: audrey
- Categories: Africa, Insolvency Act, International Financial Centre, Mauritius
Last week, the wealth manager AMP has finally accepted its fate. It has stopped its operations and has put up the ‘For Sale’ sign. As you might have guessed, this was not a sudden decision. The firm had been struggling for quite a while before deciding that things will not get better. In fact, its downfall will be remembered for a long time to come in the financial world since it…