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
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