{"iri":"https://folio.openlegalstandard.org/R7Tlb5jr0s5vTCukFLEkFLc","label":"Asset Sale","sub_class_of":["https://folio.openlegalstandard.org/R79ZRcChNA1jEORJLsPWYSv","https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R9C8kvaHqPiEx12rDZXvLn","https://folio.openlegalstandard.org/RCIwc6WJi6IT7xePURxsi4T"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"en-gb":"Asset Sale","es-es":"Venta de activos","es-mx":"Venta de activos","he-il":"מכירת נכסים","hi-in":"एसेट बिक्री"},"hidden_label":null,"definition":"The concept of Asset Sale refers to the transfer of ownership of assets for a regulatory purpose (e.g., selling bankrupt or financially distressed company's assets to another party in order to raise funds and pay off creditors; e.g., to increase public benefits).","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}