(1) In settling accounts after the dissolution of an international limited partnership the liabilities of the international limited partnership shall be entitled to payment in the following order —
(a) liabilities to creditors, in the order of priority as provided by law, except those to international limited partners on account of their contributions, and to international general partners; and
(b) except as otherwise provided in the articles, liabilities to —
(i) international limited partners in respect of their share of the profits and other compensation by way of income on their contributions;
(ii) international limited partners in respect of the capital of their contributions;
(iii) international general partners other than for capital and profits;
(iv) international general partners in respect of profits; and
(v) international general partners in respect of capital.
(2) Subject to any provision in the articles, international limited partners share in the international limited partnership assets in respect of their claims for capital, and in respect of their claims for profits or for compensation by way of income on their contributions, respectively, in proportion to the amounts of such claims.