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Cited answers from article text
DIFC Insolvency Law, DIFC Law No. 1 of 2019 — voluntary winding-up (Articles 54-75: resolution and advertisement, declaration of solvency, liquidators, statement of affairs, creditors' winding-up) and dissolution after the final return (Article 105); administration, voluntary arrangements, rehabilitation, compulsory winding-up and the Insolvency Regulations not yet extracted. Insurer insolvency rules are in difc-roc-insolvencyinsurers is one of the rulebooks issued by the DIFC Registrar of Companies. For compliance officers, legal teams, and advisors working under this regime, finding the right article quickly matters. Lexara indexes the full text of DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up) and makes it searchable two ways: full-text and keyword search for rapid lookup, and AI Explorer for natural-language questions answered with citations to the exact article.
7 articles in 1 chapters, each with a plain-English summary by Arakan. The full text of every article is in the Laws Browser.
Insolvency Law Art 54Resolution to wind up voluntarily
A DIFC company may voluntarily wind up if stated in its articles or through a special resolution.
Insolvency Law Art 55Advertise the resolution
The company must advertise its voluntary winding-up resolution within 14 days in an appointed publication and notify the DFSA.
Insolvency Law Art 59Statutory declaration of solvency
Directors may declare the company will pay its debts within 12 months, with the declaration submitted to the Registrar and DFSA within 30 days after the resolution.
Insolvency Law Art 64Company is insolvent
The liquidator must report within 7 days if a company is insolvent, detailing its financial status and seeking creditor nomination.
Insolvency Law Art 105Dissolution after final account
A company is dissolved 3 months after the final account is sent unless the court intervenes; early dissolution can occur under specific notice.
Insolvency Law Arts 61-63Members' voluntary winding-up: liquidator and reports
Shareholders appoint liquidators via Ordinary Resolution, who must report annually if winding-up exceeds one year, culminating in a final account.
Insolvency Law Arts 67-68Creditors' voluntary winding-up: statement of affairs
Directors must provide a statement of affairs to creditors within 7 days of a voluntary winding-up resolution, allowing for creditor liquidator nominations.
DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up)'s 7 indexed articles break down by obligation type as follows.
Legal / Board — 3 articles
Liquidator — 3 articles
Directors — 1 article
DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up) spans the following regulatory topics, as tagged by Lexara.
insolvency
voluntary winding up
liquidation
dissolve
difc
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What is DIFC Insolvency Law, DIFC Law No. 1 of 2019 — voluntary winding-up (Articles 54-75: resolution and advertisement, declaration of solvency, liquidators, statement of affairs, creditors' winding-up) and dissolution after the final return (Article 105); administration, voluntary arrangements, rehabilitation, compulsory winding-up and the Insolvency Regulations not yet extracted. Insurer insolvency rules are in difc-roc-insolvencyinsurers?
DIFC Insolvency Law, DIFC Law No. 1 of 2019 — voluntary winding-up (Articles 54-75: resolution and advertisement, declaration of solvency, liquidators, statement of affairs, creditors' winding-up) and dissolution after the final return (Article 105); administration, voluntary arrangements, rehabilitation, compulsory winding-up and the Insolvency Regulations not yet extracted. Insurer insolvency rules are in difc-roc-insolvencyinsurers is issued by the DIFC Registrar of Companies. It has 7 articles across 1 chapters.
What does DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up) cover?
It is organised into: DIFC Insolvency Law 1/2019: voluntary winding-up and dissolution.
Who issues DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up)?
The DIFC Registrar of Companies. Always check the authority's official publication for the binding text.
Can I search DIFC Insolvency Law (Law 1/2019, partial: voluntary winding-up) and ask questions about it?
Yes. Lexara searches the full text of all 7 articles and answers plain-English questions with a citation to the exact article.
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