(1) In order to perform the duties imposed on him or her under section 92, a liquidator has all powers of the international business company that are not reserved to the members under this Act or in the memorandum or articles, including, but not limited to, the power—
(a) to take custody of the assets of the international business company and, in connection therewith, to register any property of the international business company in the name of the liquidator or that of his or her nominee;
(b) to sell any assets of the international business company at public auction or by private sale without any notice;
(c) to collect the debts and assets due or belonging to the international business company;
(d) to borrow money from any person for any purpose that will facilitate the winding-up and dissolution of the international business company and to pledge or mortgage any property of the international business company as security for any such borrowing;
(e) to negotiate, compromise and settle any claim, debt, liability or obligation of the international business company;
(f) to prosecute and defend, in the name of the international business company or in the name of the liquidator or otherwise, any action or other legal proceedings;
(g) to retain attorneys-at-law, accountants and other advisers and appoint agents;
(h) to carry on the business of the international business company, if the liquidator has received authorisation to do so in the plan of dissolution under section 94, or by a resolution of directors permitted under section 91, as the liquidator may determine to be necessary or to be in the best interests of the creditors or members of the international business company;
(i) to execute any contract, agreement or other instrument in the name of the international business company or in the name of the liquidator; or
(j) to make any distribution in money or in other property or partly in each, and if in other property, to allot the property, or an undivided interest therein, in equal or unequal proportions.
(2) Despite subsection (1)(h), a liquidator shall not, without the permission of the Court, carry on for a period in excess of 2 years the business of the international business company that is being wound-up and dissolved under this Act.