/ˈkʌmpəni ˈvɒləntəri əˈreɪndʒmənt/ – Phrase
Definition: Sắp xếp tự nguyện của công ty
A more thorough explanation: statutory scheme allowing the company to agree and implement an arrangement with its creditors in the satisfaction of its debts and which does not require court sanction
Example: The directors proposed a company voluntary arrangement which was supported unanimously by the creditors.