Whenever the court deems necessary for the supervision of the liquidation, it may effect any of the dispositions mentioned in Article 354, Paragraph 1, Item 1, 2 or 6.
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Other Related Laws
Company Act Article 354Aug. 1, 2018
When it is deemed necessary, the court may, on the basis of the report mentioned in the preceding article, effect any of the following dispositions:
1.Measures of preservation on the property of the company; 2.Prohibition against transfer of registered shares; 3.Prohibition against release of the responsibilities of any of the promoters, directors, supervisors, managerial officers or liquidators; 4.Annulment of the release of the responsibilities of any of the Promoters, directors, supervisors, managerial officers or liquidators; this, however, shall not apply to any release effected one year prior to the institution of the special liquidation other than for any illegal purpose; 5.Assessment of any claim for damages arising from the responsibilities of any of the promoters, directors, supervisors, managerial officers or liquidators; and 6.Measures of preservation on the property of any of the promoters, directors, managerial officers or liquidators on account of any claim for damages mentioned in the preceding item.
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