What is the liability of an entity that receives funds for speculation without obtaining the necessary regulatory licenses?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The entity receiving funds for speculation without a regulatory license bears the liability to guarantee the full capital. This is considered dereliction of duty, from which it cannot be excused by invoking emergency circumstances if the violation preceded those circumstances.
Legal References & Citations
تضمين المدعى عليها رأس المال أو المتبقي منه لازم باعتبارها متصفة بالتفريط
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