We are highly experienced in acting in the formal liquidation of companies. This procedure may have been initiated either compulsorily or voluntarily; we have in-depth practical knowledge of the implications of each route.
In the case of compulsory liquidations, we represent either petitioning creditors or the liquidators ultimately appointed.
A 'creditors voluntary' liquidation occurs when the company is insolvent and put into liquidation by its shareholders. A ‘members voluntary’ liquidation is the liquidation of a solvent company initiated by the shareholders.
In both these circumstances, our clients are typically the insolvency practitioners appointed as liquidators. We assist them in the formalities involved; we also advise on ways and means of increasing the company’s assets in liquidation and (in the case of insolvent companies) assess whether it is appropriate to bring actions against the company directors for wrongful or fraudulent operations.
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In some cases, we act for the directors of the insolvent company themselves who face questioning by the liquidator and the threat of court proceedings over their management of the business.
As well as working with domestic clients, we also carry out a substantial amount of international insolvency work, some of which is on behalf of foreign insolvency practitioners.
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Jeremy Scott
DD: +44 (0)20 7597 6105
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