Companies and other corporations enter into differently named legal insolvency procedures: liquidation and administration (administration order and administrative receivership).
The administration ordered that copies of the paper be removed from circulation on campus, as publication of the caricatures represents a reckless invitation to public disorder and humiliation.
In most cases this should be possible, since if the administration order has been rightly made the business should generally be sufficiently viable to hold down current outgoings.
This would appear to follow from the fact that the administration order directs that the affairs, business and property of the company are to be managed by the administrator.
