Q. Show Key considerations in defining phoenix activity?
In determining an appropriate definition of phoenix activity, there are a range of considerations that must be accounted for. The key considerations are:
- that there are a number of common indicators of phoenix activity that some stakeholders felt should be included in any definition of phoenix activity
- any definition must seek to differentiate between fraudulent phoenix activity and the honest resurrection of a company
- the nature of phoenix activity is constantly evolving and a definition of phoenix activity must remain relevant, despite changes
- there are a range of activities that are often referred to as phoenix activity, but do not fit many of the existing definitions of phoenix activity.