Asset recovery

UNDG United Nations Development Group

On inventory control

Costs and expenses of maintaining value of the encumbered asset

Mission aviation assessment

Disposal of assets

Inventory and distribution

Return and disposal of assets

Valuation of encumbered assets

IX. DISPOSITION OF ASSETS . 31 11

IX. DISPOSITION OF ASSETS

VI. DISPOSITION OF ASSETS

VII. DISPOSITION OF ASSETS . 27 9

If the Working Group decides that such types of asset should be covered in the Guide, it may wish to review the recommendations to ensure that both the recommendations applicable to all types of asset and the asset specific recommendations are appropriate for those assets.

However, the Guide proposes that all types of asset are capable of being the object of a security right, including all present and future assets of a business, and covers all assets, both tangible and intangible, with the exception of assets specifically excluded.

The law should provide that a secured creditor's priority with respect to an encumbered asset extends to the proceeds of the asset subject to the requirements of recommendation 54.

System enhancements will be instituted to improve the overview of inventory and sales.

An example of an asset revenue stream would be number 6 sale of ownership.

(a) Assets of the debtor, including the debtor's interest in encumbered assets and in third party owned assets

The allotment of common assets

Assets constituting the estate

(i) Protecting the value of the encumbered asset

VI. DISPOSITION OF ASSETS . 21 7

The question of providing security over unencumbered assets or assets that are not fully encumbered is not one that generally should require approval of the court.

(iii) Another creditor of the grantor asserting a right in the same encumbered asset (e.g. by operation of law, attachment or seizure or a similar process)

Assets and obligations subject to a security agreement

(v) Any buyer or other transferee (including a lessee or licensee) of the encumbered asset.

a Includes 3.4 million spent on the Galileo inventory management system.

Presentation by delegates of asset sharing systems.

Legal sufficiency of description of assets covered by a registered notice

Treatment of assets acquired after commencement

Among the categories of intangibles are claims and receivables.

8. The available assets were classified into three groups.

Reiterates the need to implement, as a matter of priority, an effective inventory management standard, especially in respect of peacekeeping operations involving high inventory value

It was pointed out that the model bilateral agreement would be entirely optional, as it would be used as a resource guide for assisting States in enhancing cooperation in the area of asset sharing.

56 61 and 82 85). The primary focus of the Guide is on core commercial assets, such as commercial goods (inventory and equipment) and trade receivables.

The law should also provide for possessory security rights in tangibles.

Asset recovery is one of the essential components of the United Nations Convention against Corruption and, for that reason, we emphasize the need to adopt measures to facilitate asset recovery that are consistent with the prinicples of that convention.

H. The insolvency law should provide that, in determining the liquidation value of encumbered assets in a reorganization proceeding, consideration should be given to the use of those assets and the purpose of the valuation.

(k) Deferred charges shown under other assets

(h) Encumbered asset means property that is subject to a security right.

Cash holdings as at 31 December 1993 . 68

(c) Provide a means of preserving assets out of which a subsequent award may be satisfied or

They also stressed the need to provide for the confiscation of assets and for repatriation in corruption cases.

Other approaches focus on the use of the proceeds of the sale of the encumbered assets (see below, paras.