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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
              • PART 2: RECEIVERSHIP
              • PART 3: WINDING-UP
                • Chapter 1 — General
                • Chapter 2 — Voluntary winding-up
                • Chapter 3 — Members' voluntary winding-up
                • Chapter 4 — Creditors' voluntary winding-up
                • Chapter 5 — Provisions applying to both kinds of voluntary winding-up
                • Chapter 6 — Compulsory winding-up
                • Chapter 7 — Provisions of general application in winding-up
                  • 214. General functions in winding-up by the Court
                  • 215. Property of the Company
                  • 216. Notification that Company is in liquidation
                  • 217. Powers of liquidator
                  • 218. Power to disclaim onerous property
                  • 219. Liquidator may summon meetings
                  • 220. Settling list of contributories, debts and calls
                  • 221. Liability to contribute of past and present members
                  • 222. Limited Company formerly unlimited
                  • 223. Unlimited Company formerly limited
                  • 224. Company's books to be evidence
                  • 225. Distribution of Company's property
                  • 226. General rule as to priority of expenses
                  • 227. Preferential Debts
                  • 228. Unsecured debts of insolvent Company to rank equally
                  • 229. Fixing of liquidator's remuneration
                  • 230. Liquidation committee
                  • 231. Notice requiring Statement of Affairs
                  • 232. Statement of Company's Affairs
                  • 233. Statement of Company's affairs by Directors
                  • 234. Verification and filing
                  • 235. Limited disclosure
                  • 236. Release from duty to submit Statement of Affairs; extension of time
                  • 237. Expense of Statement of Affairs
                  • 238. Submission of accounts
                  • 239. Further disclosure
                  • 240. Removal or resignation of liquidator
                  • 241. Reference of questions to court
                  • 242. Meetings to ascertain wishes of creditors or contributories
                • Chapter 8 — Distributions to creditors
              • 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 3: WINDING-UP
  8. Chapter 7 — Provisions of general application in winding-up
  9. 229. Fixing of liquidator's remuneration
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  • Jun 14 2015 - Jun 13 2015
  • Jun 14 2015
‹ 228. Unsecured debts of insolvent Company to rank equally 230. Liquidation committee ›

229. Fixing of liquidator's remuneration

The liquidator is entitled to receive remuneration for his services as such. The relevant provisions in Schedule 12 (Remuneration) shall apply in the determination of the remuneration of the liquidator.

‹ 228. Unsecured debts of insolvent Company to rank equally 230. Liquidation committee ›
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