Cayman Islands:
End Of Life Options For Solvent Entities
12 November 2020
Maples Group
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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.
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