The long delays were mainly due to the procedures followed by the Land Registry, the only body authorised to carry out forced sales
of mortgaged property in Cyprus.
Many carriage contractors have complained about the forced sale
of lube oil to them on which CCP took action and issued notice to PSO.
The designation may result in the forced sale
of the property through exercise of eminent domain, a process involving various mandatory procedural steps and public hearings.
dollars which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale
conditions and under present day economic trends, as of the effective date of the appraisal report.
Determine if there is enough liquidity to avoid the forced sale
of the business should the proprietor pass away.
He said a forced sale
of the majority of the company would destroy future earnings prospects and shareholder value.
A prime example: the Wrigley family's forced sale
of their 80 percent stake in the Chicago Cubs and Wrigley Field in '81.
Carr, were subject to the forced sale
of an aggregate of 692,412 shares of the company's common stock to meet obligations under a loan for which the shares were pledged as security.
The loan documents should strictly prohibit bringing a partition action while the loan is outstanding, otherwise the prospect of a forced sale
would loom perpetually through the term of the loan.