Principle

COMPANY LAW — Liquidation — Construction of Instrument of Appointment of Provisional Liquidator — Whether Restrictive

Area of law
COMPANY LAW
Court
Supreme Court

A provisional liquidator has broad powers to preserve assets. The appointment instrument should be liberally construed. Express restrictions are required to limit powers. The principle applies to all liquidations. The primary purpose is asset preservation. The liquidator may take steps to secure company property. The…

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