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| SECTION M - INVESTIGATION BY ADMINISTRATORS |
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(a) In relation to each type of insolvency procedure available
in the legal system of this economy, what powers are given to,
or duties imposed upon, each type of administrator to investigate,
discover and report to a Court or to regulatory authorities of
the government any breaches of the law by former management of
the corporate debtor?
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The administrator has power to receive all mails addressed
to the bankrupt company and to interview directors for investigation.
If theadministrator finds any breaches of the law by former management
of the debtor company, he will report to the court and consult with
the judge of the bankruptcy court as to a course of action to be
taken. The above is applicable to the corporate reorganization.
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(b) What methods are available to each type of administrator
to exercise such powers or discharge such duties? (for example
examinations of directors, powers to inspect books and records,
obligations to report to government authorities.)
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Examination of directors and inspection of books and
records are available to the administrators.
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