LIQUIDATIONS

Deregistration and liquidation

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If our client intend to dissolve their company and the company is solvent, the directors of the company have to make a declaration of solvency.

The liquidation process involves also the appointment of liquidators, preparation of up to date accounts, and holding of various directors’ and shareholders’ meetings and we can assist with the liquidation process.

If the company is insolvent, the company will have to be liquidated by way of a creditors’ voluntary winding up. This will involve more documentation and expense as creditors are involved and meetings, apart from those for the shareholders, have to be arranged for creditors.

We only provide members voluntary liquidation service to our clients. For creditors liquidation we would be pleased to act in an advisory capacity or refer you to industry leaders in this work in Hong Kong.