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FED LAW 6/2007 Effective from 15/2/2007

The liquidator may take all the necessary decisions and procedures he may see necessary to accomplish the procedures of liquidation including:

  1. Managing the company's operations to the extent required for the liquidation procedures.
     
  2. Taking inventory of all assets and chattels of the company in collaboration with the board of directors which shall undertake to deliver the company's funds, books and documents to the liquidator.
     
  3. Appointing any of the experts and individuals to assist him to accomplish the procedures of liquidation or appointing a special committee and delegate thereto any of the tasks and powers entrusted to him and issuing the necessary decisions to accomplish the procedures of liquidation.
     
  4. Hiring one lawyer or more to represent the company under liquidation in any of the legal claims or procedures related thereto.