Not all companies exist forever; indeed, the average lifespan of companies in many jurisdictions is less than 10 years. Single-purpose companies may exist for only a very short period of time. The final step in a company’s existence can be its dissolution, a process that must be managed in meticulous detail if all legal requirements are to be met.
Conyers Client Services’ voluntary liquidation and dissolution teams in Bermuda, the BVI and the Cayman Islands offer best practice procedures to meet all statutory requirements. We provide qualified professional liquidators to conduct the voluntary winding up of corporate entities in accordance with local laws.
Our liquidation teams will ensure that your entity’s legal existence will be concluded in an orderly fashion, bringing certainty and finality to its affairs.
The liquidation process for solvent companies in good standing with government authorities, and not subject to any current or pending litigation, requires directors to sign an indemnity in favour of the appointed liquidator. The liquidation process can be completed in a timely fashion once assets have been disposed of and liabilities settled.
Our services include:
Our purpose is to help clients pursue the right legal, financial and commercial paths. To help you make the right choices for your individual needs, or to learn more about our jurisdictions, contact one of our professionals today.