Article (95)

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

Exception to the legislation in force in the State, the due debts and obligations of the company subject to liquidation shall be paid according to the following order:
1. The due entitlements of the staff and employees for the last four months.
2. The liquidator’s fees, costs, expenditures and the loans he obtained.
3. The rights of insured and beneficiaries of insurance policies. The liquidator shall be obliged to allot the company's assets that represent the technical provisions required to be retained in accordance with the provisions of the law herein to pay these liabilities and any amounts acquired by the company according to any arrangements of reinsurance shall be deemed part of the technical provisions.
4. The rights of the other debtors by order of preferences according to the laws in force.
5. The rights of the shareholders.

_{This article has been amended by Federal Law No. (03) of 2018. You are on the latest version.}_{To view the previous version, click the version box below}.

Version 1_{(effective from 15/02/2007 to 26/04/2018)}

Irrespective of the provisions of any other legislation the company's due debts and obligations shall be paid according to the following order:

The due entitlements of the staff and employees for the last four months.
The costs and expenditures borne by the liquidator and the loans he obtained.
The rights of the insured and beneficiaries of the insurance policies. The liquidator shall be obligated to allot the company's assets that represent the technical provisions required to be maintained according to the provisions of the law herein to pay these obligations and any monies acquired by the company according to any arrangements of re-insurance shall be deemed part of the technical provisions.
The rights of the other debtors by order of preferences according to the prevailing laws.
The rights of the shareholders.