ARTICLE
12 November 2020

End Of Life Options For Solvent Entities

MG
Maples Group

Contributor

The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.
Solvent entities reaching the end of their commercial life is a normal and necessary stage in the business cycle.
Cayman Islands Corporate/Commercial Law

Solvent entities reaching the end of their commercial life is a normal and necessary stage in the business cycle.  A key question that then arises regarding the management of this process is whether termination of the legal entity should be effected by way of a voluntary liquidation or a simple strike off.  Although a strike off may seem like an economical and easy solution, voluntary liquidation offers significant advantages, not least in respect of certainty and finality, which should not be overlooked.

Originally Published by Maples Group, November 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More