4 important reasons for corporate liquidation:
Liquidation takes place optionally once the company's contract expires and the partners do not wish to renew the contract, due to the goal of the partnership or the impossibility of realizing this goal.
Partner problems such as the withdrawal of a partner for any reason, his death, the unwillingness of the heirs to pursue the partnership, or the judicial quarantine of a partner.
Successive losses and the company's inability to meet its obligations to the market and customers, or a court order to dissolve and liquidate the company algebraically.
The liquidation is also carried out in the event that more than two years have passed since the expiry of the company's commercial license, and there are no guaranteed license holders.
This post is translated from: إجراءات تصفية الشركات
Check: تصفية شركات في الإمارات