Revised Laws of Saint Lucia (2021)

163.   Insufficiency of assets in discharge of obligations in voluntary liquidation

If the assets of a licensed financial institution or licensed financial holding company, whose voluntary liquidation has been authorised will not be sufficient for the full discharge of all its obligations or completion of the liquidation is unduly delayed, the Central Bank may cause the commencement of proceedings leading to its compulsory liquidation or resolution in conformity with the procedures set out in Part 10.