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Liquidation of the Company and the Division of its Assets

UAE Federal Law No. (2) Of 2015 on Commercial Companies deals with subject Liquidation of the Company and the Division of its Assets. Unless the Memorandum of Association or Articles of Association of the company provides for the method of liquidation or the partners agree otherwise upon the dissolution of the company, the provisions of this Law shall apply to the liquidation of the company. The liquidation shall be conducted by one or more liquidators appointed by the partners or under a Decision by the General Assembly or any other similar body, provided that the liquidator is not an auditor … Continue reading Liquidation of the Company and the Division of its Assets