The act of officially withdrawing recognition from a person, organization, government, or entity. This often involves removing legal status, legitimacy, or acceptance. It can stem from various reasons, including ideological differences, human rights abuses, violations of international law, or shifts in political alliances. Derecognition frequently carries significant consequences, such as the cessation of diplomatic relations, the freezing of assets, and the disruption of trade or aid. It fundamentally challenges the entity's standing in the international community or within a specific jurisdiction.
Derecognizing meaning with examples
- Following widespread human rights abuses, the international community decided on derecognizing the illegitimate government. This action aimed to isolate the regime and pressure it to change its policies. Diplomatic ties were severed and sanctions were imposed, crippling the country's economy.
- The company was found to have engaged in fraudulent activities, prompting investors to begin derecognizing their shares. This created panic in the market and sent the stock price plummeting. The CEO was fired and criminal investigations ensued.
- After the revolution, the new government immediately took action derecognizing the previous rulers' decrees. This meant that all prior laws were annulled and the transition process was started. It was a clear sign that the new regime intended to reshape society.
- Faced with increasing evidence of corruption, several member states are considering derecognizing the existing international sports federation. This could lead to the loss of Olympic status and significant financial losses for the organization and its members.
- The cultural organization, facing declining membership and questionable financial practices, had its official standing derecognizing by the regional authority. This meant loss of funding and the ability to function as an officially sanctioned institution in the community.