From Plan to Action

Liquidation of Company

Since the outbreak of the COVID-19, companies have been working hard to deal with various challenges and mitigate the negative impacts to business.  Management may consider the need to restructure and eliminate inactive companies that have become redundant to achieve efficiency by freeing up management time and efforts dealing with such companies and reducing ongoing maintenance costs. In this webinar, we will discuss different solutions to liquidate/wind up private limited companies incorporated in Hong Kong and matters to consider prior to the commencement of dissolution of the targeted companies including:- 

• Ways of dissolution pursuant to the Companies Ordinance

• Outline of statutory procedures for Members’ Voluntary Liquidation (“MVL”) 

• Major pros and cons of MVL from accounting and company secretarial perspectives 

• Identifying pre-liquidation housekeeping issues  

Take-aways from the webinar 

• How to dissolve a target company that match with your company’s needs and available resources 

• Advice on the appropriate timing to kick off the dissolution of company  

• Identify issues to address prior to the commencement of dissolution

• Case studies to illustrate common practical issues with solutions

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