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203. Petition for winding-up by the Financial Services Regulator

The Financial Services Regulator may present a petition to the Court for a Company to be wound up if the Financial Services Regulator is of the opinion that —

(a) the Company is unable to pay its debts;
(b) it is just and equitable that the Company should be wound up;
(c) the Company has committed a serious contravention of any regulation of the Abu Dhabi Global Market; or
(d) it is expedient in the interests of the Abu Dhabi Global Market that the Company should be wound up.