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            14 November 2019



            Understanding the concept of cross-border judicial assistance.

            In winding up a company, a liquidator is usually saddled with the immediate
            responsibility, upon appointment, of gathering and taking into his custody all
            the assets of the company being wound up. This may sometimes require
            instituting a legal action. The liquidator is also empowered to sell these assets
            and the proceeds thereof form part of the monies to be distributed to the
            creditors. He may also institute debt recovery actions against the debtors of
            the company and/or intervene in actions involving the assets of the company.
            In the course of the proceedings, it may be necessary to summon and cross
            examine witnesses for information on the company’s assets, seek production
            and inspection of documents, obtain interim seizure of assets etc. The work
            of a liquidator in a winding up process will therefore generally require
            different forms of judicial assistance.

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