The Majlis Archive

Finance - Banking - Business The Majlis Vol 23 No 12, p.2

A company went into liquidation.

Question

A company went into liquidation. In terms of the government's law, the state will pay the salaries of all the employees. Can these workers still hold the company's owners liable for their salaries?

Answer

Since the government in this case is the wakeel (agent) of the company, and it (government) pays the employees, hence they have no right to claim from the owners of the company. The owners are absolved of the liability.

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Published in
The Majlis Vol 23 No 12
PDF page
2

Appears under THE ANIMAL DISEASE ATHAAB| (approximate).

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