Article 284 of Companies Law

The liquidator shall perform all acts required for the liquidation of the company and shall, in particular, have the following powers: 1- Representing the company before the courts and third parties. 2- Doing everything necessary to preserve the company's property and rights. - 4 Paying the company's debts. Selling the company's property, whether immovable or movable, by public auction, by private negotiation, or by any other method that ensures obtaining the highest price, unless the decision appointing him provides for sale by a particular method. Nevertheless, the liquidator may not sell any of the company's property unless the liquidation operations so require. e - Dividing the net assets among the partners. The liquidator may not commence new business unless it is necessary to complete previous business, nor Law Index 1519 Home Page Companies Law Law No. 1 of 2016 Promulgating the Companies Law may he sell the company's assets or business establishment as a whole, compromise the company's rights, or accept arbitration in disputes to which the company is a party, except with permission from the court.