1.1 This guidance provides an overview of voluntary liquidations under ADGM’s insolvency legal framework, the ADGM Insolvency Regulations 2022. The Guide also provides information about the documents that must be delivered to the Registration Authority as part of a voluntary liquidation and the process.
1.2 This guidance does not cover other types of insolvency proceedings available under ADGM’s insolvency legal framework, such as compulsory winding up, receivership, and administration.
1.3 The guidance applies to ADGM incorporated public and private limited companies, limited liability partnerships (LLPs) and limited partnerships with legal personality (LPs). For ease of reference, the term ‘Company’ is used throughout this guidance to refer to ADGM incorporated companies, LLPs and LPs, unless specifically stated otherwise.
1.4 This guidance is issued under section 28 of the Commercial Licensing Regulations 2015 (CLR 2015).
1.5 The relevant ADGM legislation regarding the dissolution of Companies is the:
a. ADGM Companies Regulations 2020 (CR 2020); and
b...