About
About
What we do
Our Jurisdiction
Management
International Cooperation
Our Mission
Our Structure
Risk Management Framework
Firms
Firms
Authorisation
Enforcement
Supervision
Consumers
Consumers
Complaints
Know your rights
Scams
Investment Guide
Fintech
FinTech
FinTech Lab
Fintech Hub
Global Financial Innovation Network (GFIN)
Registration
Registration
Consider before opening business
Post-registration
Types of participants
Legal Framework
Public Register
Main
>
Legal Framework
>
58. Appointment of Provisional Liquidator
Login
LEGAL ENTITIES LEGISLATION
REGULATIONS
COMPANIES REGULATIONS
GENERAL PARTNERSHIP REGULATIONS
LIMITED PARTNERSHIP REGULATIONS
LIMITED LIABILITY PARTNERSHIP REGULATIONS
NON-PROFIT INCORPORATED ORGANIZATIONS REGULATIONS
FOUNDATIONS REGULATIONS
TRUST REGULATIONS
INSOLVENCY REGULATIONS
PART 1: GENERAL
PART 2: COMPANY VOLUNTARY ARRANGEMENTS
PART 3: RECEIVERSHIP
PART 4: WINDING UP
CHAPTER 1–GENERAL
CHAPTER 2–VOLUNTARY WINDING UP
CHAPTER 3–CREDITORS VOLUNTARY WINDING UP
CHAPTER 4–PROVISIONS APPLYING TO BOTH KINDS OF VOLUNTARY WINDING UP
CHAPTER 5–COMPULSORY WINDING UP
49. Circumstances in which Company may be wound up by Court
50. Definition of Unable to Pay its Debts
51. Application for winding up
52. Petition for winding up on grounds of interests of AIFC
53. Voiding of property dispositions
54. Voiding of attachments
55. Consequences of winding up order
56. Procedures and Functions of Liquidator appointed by Court
57. Choice of Liquidator by Court or meetings of creditors and contributories
58. Appointment of Provisional Liquidator
59. Appointment of liquidation committee
60. General Functions of Liquidator in winding up by Court
61. Vesting of Company property in Liquidator
62. Power to stay winding up
63. Power to exclude creditors not proving in time
64. Payment of expenses of winding up
CHAPTER 6–OTHER WINDING UP PROVISIONS
PART 5: PROTECTION OF ASSETS IN LIQUIDATION
PART 6: RECOGNISED AND FOREIGN COMPANIES
PART 7: OTHER TYPES OF COMPANY
PART 8: APPLICATION OF THESE REGULATIONS TO LIMITED LIABILITY PARTNERSHIPS
PART 9: INSOLVENCY PRACTITIONERS
PART 10: MISCELLANEOUS
SCHEDULE 1: ADDITIONAL POWERS OF ADMINISTRATIVE RECEIVERS
SCHEDULE 2: POWERS OF LIQUIDATOR IN WINDING UP
SCHEDULE 3: INTERPRETATION
NETTING REGULATIONS
PAYMENT SYSTEM SETTLEMENT FINALITY REGULATIONS
COMMON REPORTING STANDARD REGULATIONS
PERSONAL PROPERTY REGULATIONS
RULES
WAIVERS AND MODIFICATIONS
OTHER
FINANCIAL SERVICES LEGISLATION
POLICIES AND POLICY STATEMENTS
NOTICES
GUIDANCE
TEMPLATE
CONSULTATION PAPERS
ARCHIVE
Entire section
PDF
Print
Versions
57. Choice of Liquidator by Court or meetings of creditors and contributories
59. Appointment of liquidation committee
Links to this article
87. Restrictions on appointment as liquidator, receiver etc.
SCHEDULE 3: INTERPRETATION