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1. UK insolvency law.

A procedure in relation to a company in financial difficulties with a view to securing its survival as a going concern.

Or, failing that, to achieving a more favourable realisation of its assets than would be possible on a liquidation or through a voluntary arrangement.

2. Governance.

Activities relating to organising and supervising an institution or other organisation.

3. Corporate structure.

The people who undertake the work in definition 2 above.

See also