The receiver may: 1  Run the company in order to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions.  Secure the assets of the company and/or entity.
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.he content and provisions of a court order depend on the type of proceeding, the phase of the proceedings in which they are issued, and the procedural and evidentiary rules that govern the proceedings.
Standing Order Law and Legal Definition. A standing order is a forward-looking order that applies to all cases pending before a court. This is a rule which is in force until specifically changed or withdrawn. Some individual judges issue a standing order on a subject when there is no local rule bearing on it. This is because a rule would not be acceptable to other judges on the court. Standing orders are criticized very often since they undermine uniformity of procedural rules at the local level.