What actions can the CBUAE take if a company has an imbalance in its financial position?
The CBUAE can request the relevant authorities to temporarily impound the company, seize its assets, property, and rights of its shareholders. They can also issue a decision to liquidate or dissolve the company and develop a plan to liquidate or transfer its assets, liabilities, settlements, and clearances. Additionally, the CBUAE can implement or supervise the implementation of the liquidation plan, make a decision on restructuring, or request a bankruptcy declaration from the competent court, as per the legislation in force.