Regulatory Alerts2023-06-08
Voluntary Liquidation Guidance
The ADGM Registration Authority issued this guidance to outline the voluntary liquidation processes for ADGM companies under the Insolvency Regulations 2022. It distinguishes between Members’ Voluntary Liquidations for solvent entities and Creditors’ Voluntary Liquidations for insolvent ones, detailing specific procedural requirements such as declarations of solvency and creditor meetings. The document further defines the mandatory role of licensed insolvency practitioners in managing assets, settling debts, and ultimately dissolving the company.
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