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.
Laws are rules that are enacted by governing body, while regulation is the process of monitoring and enforcing the rules. Laws are actually rules and guidelines that are set up by the social institutions to govern behavior. These laws are made by government officials that in some countries are elected by the public to represent their views. In simple terms, laws are basically things that a person can and cannot do. It is enforced by government officials such as police officers, agents and judges. Laws are ideas that must go through the process of checks, balances and votes in order for them to become a law.