Subject to any limitation provided in the resolution or judgement issued for the liquidation, the liquidator shall have absolute authority to manage the company’s business and to take all the necessary measures to preserve its funds, collect its rights and complete its pending businesses and to take all the necessary actions for liquidation of its assets and settlement of its debts. The liquidator shall also have in particular, the authority to represent the company before third parties and before the courts as plaintiff or defendant and all the other authorities set forth in the Regulations. If the resolution or judgement issued for the liquidation provides for appointment of more than one liquidator, they shall act jointly unless the resolution or the judgement authorizes them to act severally, and they shall be jointly liable for indemnifying the company, the partners, the shareholders and the third parties, against the damage sustained by any of them as a result of exceeding the scope of their authorities or as a result of the negligence committed by them in the performance of their functions.
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