Dissolution and financial restructuring of a company

The dissolution of a company means the end of its business and its legal personality. We are committed to a professional, reliable, efficient and above all successful, winding-up process. In doing so, we ensure that the interests of our clients are protected throughout the process. Additionally, guidance is provided concerning financial restructuring, comprehensive business evaluations are conducted, and strategies are executed to format a solid foundation for your company’s stability and success.

During the dissolution process, we work together with our clients, providing advice during key junctures. This encompasses assisting them in addressing their debts to creditors, selling off assets and ensuring proper and timely communication with all stakeholders, including the relevant authorities and registries.

We counsel firms that are either approaching or currently undergoing dissolution, insolvency actions or mandatory liquidation processes, on selecting the best-suited method for the company’s termination, including:

  • Voluntary liquidation: the process in which the company settles its liabilities to creditors and distributes the remaining assets among its owners or shareholders.
  • Compulsory liquidation: compulsory liquidation is initiated independently of the company’s intent. It’s executed by the court when legal requirements for the entity’s continuation no longer apply.
  • Dissolution without liquidation: this approach allows the company to cease without regular liquidation but requires full settlement of all obligations before proceeding.
  • Compulsory settlement: aims to uphold the debtor’s legal status, involving an agreement to reduce or extend repayment of liabilities between the debtor and creditors.
  • Company insolvency: insolvency proceedings aim to protect the interests of creditors by liquidating the insolvent debtor’s assets and settling the creditors’ claims during this process.

Our legal team’s proficiency is evident in our thorough management of essential phases of the dissolution process. We steer and advocate for our clients through the intricate, legally mandated steps, making certain that all pertinent legal documents are accurately and promptly prepared, including:

  • drafting of summary dissolution resolutions,
  • compilation of statements of paid-up liabilities,
  • submitting a proposal to the registry authority to have the company removed from the register,
  • drawing up of the resolution on the dissolution of the company and the opening of the liquidation of the company,
  • entering the commencement of the liquidation in the register,
  • drawing up proposals for the distribution of the company’s assets,
  • liquidation of assets, where we ensure the efficient realisation of the company’s assets and the appropriate distribution of the proceeds to creditors,
  • drafting of the proposal for the opening of insolvency proceedings,
  • drafting of a proposal for compulsory settlement,
  • drawing up a plan for the financial restructuring of the company,
  • negotiating a reduction, deferral, or waiver of liabilities with creditors,
  • drafting and filing of an objection to the contestation of a notified claim and
  • drafting and filing an application for a declaration that a disputed claim exists.

In the context of corporate dissolution, we recognize the paramount importance of adhering to the prescribed legal and regulatory procedures. Our approach prioritizes rigorous compliance, aiming to safeguard the reputation and integrity of the company’s stakeholders both during and post the winding-up procedure.

Financial restructuring

Using innovative financial approaches, we help companies adjust their assets and liabilities. This empowers them to quickly identify and effectively tackle liquidity challenges. Our approach ensures business continuity while anchoring a pathway to both immediate and long-term fiscal solidity. We create a detailed plan to strengthen our client’s financial situation now and for the future.

Our primary goals encompass debt reduction, liquidity enhancement, business adaptation and capital infusion. Deploying a proficient restructuring methodology strengthens the company’s liquidity position, ensuring seamless operations. At the same time, the client is guided to tap into new financing avenues, such as potential investors, loan opportunities and strategic alliances.

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