296. Property of dissolved company

(1) When a Company is dissolved under these Regulations or the Companies Regulations 2015, all property and rights whatsoever vested in the Company immediately before its dissolution are deemed to be vested in the Abu Dhabi Global Market in accordance with Chapter 2 (Property of dissolved company) of Part 29 (Dissolution and restoration to the register) of the Companies Regulations 2015.
(2) Subsection (1) is subject to any order of the Court under Section 295 (Power of Court to declare dissolution of Company void) or otherwise.