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ADGM LEGAL FRAMEWORK

  • ABU DHABI GLOBAL MARKET
    • FEDERAL LAW NO (8) OF 2004
    • FEDERAL DECREE NO (15) OF 2013
    • CABINET RESOLUTION NO (4) OF 2013
    • CABINET RESOLUTION NO. 28 OF 2007
    • ABU DHABI LAW NO. (4) OF 2013
    • ABU DHABI LAW NO. (12) OF 2020
    • ADGM LEGAL FRAMEWORK
      • COMMERCIAL LEGISLATION
        • Regulations
          • Application of English Law Regulations
          • Beneficial Ownership and Control Regulations
          • Commercial Licensing Regulations
          • Companies Regulations
          • Data Protection Regulations
          • Electronic Transactions Regulations
          • Employment Regulations
          • Foundations Regulations
          • Insolvency Regulations
            • Insolvency Regulations 2015
              • PART 1: ADMINISTRATION
                • Chapter 1 — Nature of Administration
                • Chapter 2 — Appointment of Administrator by Court
                • Chapter 3 — Appointment of Administrator of a Company by Holder of Qualifying Charge
                • Chapter 4 — Appointment of Administrator by Company or Directors
                • Chapter 5 — Administration Application (special cases)
                • Chapter 6 — Effect of Administration
                • Chapter 7 — Process of Administration
                • Chapter 8 — Deed of Company Arrangement
                • Chapter 9 — Functions of Administrator
                • Chapter 10 — Ending Administration
                • Chapter 11 — Replacing Administrator
                • Chapter 12 — General
                  • 145. Joint administrators
                  • 146. Concurrent administrators
                  • 147. Joint and concurrent administrators
                  • 148. Notification and advertisement of joint administrator
                  • 149. Presumption of validity
                  • 150. Majority decision of Directors
                  • 151. Extension of time limit
              • PART 2: RECEIVERSHIP
              • PART 3: WINDING-UP
              • PART 4: PROTECTION OF ASSETS IN LIQUIDATION AND ADMINISTRATION
              • PART 5: APPLICATION OF INSOLVENCY LAW TO AUTHORISED PARTICIPANTS AND OTHER ENTITIES
              • PART 6: CROSS-BORDER INSOLVENCY
              • PART 7: FINANCIAL MARKETS AND NETTING
              • PART 8: CONTRAVENTIONS AND FINES
              • PART 9: INSOLVENCY PRACTITIONERS
              • PART 10: DISSOLUTION
              • PART 11: GENERAL
              • SCHEDULE 1 MEETINGS, TIME LIMITS, NOTICES AND DOCUMENTS
              • SCHEDULE 2 POWERS OF THE ADMINISTRATOR
              • SCHEDULE 3 POWERS OF ADMINISTRATIVE RECEIVER
              • SCHEDULE 4 Powers Of Liquidator In A Winding-Up
              • SCHEDULE 5 PROOFS AND DISTRIBUTION
              • SCHEDULE 6 MEETINGS AND CORRESPONDENCE
              • SCHEDULE 7 CREDITORS' COMMITTEES
              • SCHEDULE 8 PREFERENTIAL DEBTS
              • SCHEDULE 9 Contraventions
              • SCHEDULE 10 APPLICATION OF UNCITRAL MODEL LAW
              • SCHEDULE 11 SUPPLEMENTAL PROVISIONS APPLICABLE TO PROTECTED CELL COMPANIES
              • SCHEDULE 12 REMUNERATION
            • Insolvency (Amendment) Regulations 2015
            • Insolvency (Amendment No. 2) Regulations 2016
            • Insolvency (Amendment No. 3) Regulations 2018
            • Insolvency (Amendment No. 4) Regulations 2020
            • Insolvency (Amendment No. 1) Regulations 2021
            • Insolvency Regulations (Amendment no.2) 2021
            • Insolvency Regulations (Amendment No. 1) 2022
          • Interpretation Regulations
          • Limited Liability Partnerships Regulations
          • Off-Plan Sales Register Regulations
          • Real Property Regulations
          • Strata Title Regulations
          • Takeover Regulations
          • Trusts Regulations
        • Rules
        • Repealed Legislation
      • FSRA LEGISLATION
      • ADGM COURTS LEGISLATION
      • ARBITRATION LEGISLATION
    • ADGM COURTS PROCEDURES
    • GUIDANCE & POLICY STATEMENTS
    • PUBLIC CONSULTATION PAPERS
    • NOTICES OF PUBLICATION
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Breadcrumb

  1. ABU DHABI GLOBAL MARKET
  2. ADGM LEGAL FRAMEWORK
  3. COMMERCIAL LEGISLATION
  4. Regulations
  5. Insolvency Regulations
  6. Insolvency Regulations 2015
  7. PART 1: ADMINISTRATION
  8. Chapter 12 — General
  9. 150. Majority decision of Directors
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  • Jun 14 2015 - Jun 13 2015
  • Jun 14 2015
‹ 149. Presumption of validity 151. Extension of time limit ›

150. Majority decision of Directors

A reference in this Part 1 (Administration) to something done by the Directors of a Company includes a reference to the same thing done by a majority of the Directors of a Company.

‹ 149. Presumption of validity 151. Extension of time limit ›
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