The liquidator represents the company during the liquidation process.
He has the broadest powers to realise the assets, settle the liabilities, reimburse the shareholders or their successors the amount of their contributions and distribute among them, in accordance with the provisions of the Articles of Association, the net assets resulting from the liquidation.
The liquidator’s powers may be specified by the court decision or the decision of the shareholders appointing him.
The court decision or the decision of the shareholders’ meeting appointing the liquidator sets his remuneration.