Commercial Companies Law

Article 323 — Article (323) Liquidator's Representation of the Company

Part Eight: Termination of the Company's MOA · Chapter Two: Liquidation of Company and Distribution of Assets

The liquidator shall do all acts necessary for the liquidation and in particular represent the Company before the courts, pay Company debts and sell movable assets and real estate of the Company at a public auction or by any other means, unless the document appointing the liquidator provides for a specific method of sale. However, the liquidator may not sell the assets of the Company all at once without prior permission from the partners or the General Assembly of the Company.

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