Zero-hour rule: Revision history

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1 January 2024

  • curprev 16:3716:37, 1 January 2024Amwelladmin talk contribs 797 bytes +797 Created page with "{{a|crr|{{image|AET2|png||}}}}{{d|Zero-hour rule|/ˈzɪərəʊ/-/aʊə/ /ruːl/|n|}}A provision in the insolvency law of a jurisdiction whereby transactions and contractual actions conducted by an insolvent institution after midnight on the date the institution is declared insolvent are automatically rendered ineffective by operation of law. The insolvency administrator can set them aside and often has broad discretion to do what seems right in the interests of creditors..."