Article 89 - Dissolution of Partnership

(1) If the CRO has reason to believe that:
(A) a Partnership or Branch is not carrying on Business or is not in operation;
(B) a Partnership or Branch is acting in contravention of these Regulations; or
(C) it is prejudicial to the interests of the QFC for a Partnership or Branch to remain on the register
it may give notice to the Partnership or Branch that at the conclusion of three months from the date of the notice, the Partnership or Branch shall be struck off the register unless reason is shown to the contrary.
(2) If, by the end of the three month period, the CRO:
(A) has received confirmation that the Partnership or Branch is no longer carrying on Business or is not in operation; or
(B) has not received from the Partnership or Branch sufficient reasons as to why the Partnership or Branch should not be struck off the register
the CRO shall strike the Name of the Partnership or Branch off the register and the Partnership or Branch shall be dissolved.
(3) Where a Partnership or Branch is struck off the register under this Article 88, the liability of every Partner of the Partnership or Branch continues and may be enforced as if the Partnership or Branch had not been dissolved.