Liquidations are an important final chapter of a company’s life. Shareholders and directors cannot simply walk away once they wish to wind down the operations of a trading company, or even once they have sold the assets of a holding. The desire to close the company, for whatever reason, must be handled carefully and in observance of a series of regulations and protocols. Any company director who ignores these legal obligations will be subject to penalties and personal liabilities.
Every liquidation is run by an appointed liquidator who takes on the responsibility of overseeing the closure of the business and investigating the circumstances that led to the company’s insolvency. The complexity of a company liquidation generally mirrors the intricacies of the operation being wound up. If there are a number of creditors involved the liquidator’s role will become considerably more complex. It becomes even more onerous in a situation where the liabilities are greater than the assets.
How AE Legal can help
AE Legal has a team of seasoned liquidators that have taken on some of Malta’s most difficult collapses. However, on a day to day basis, it’s not the headline generating companies that fill our schedules. Our team will more frequently deal with ordinary closures and orderly de-registrations. Many companies come to Malta with a finite project, and once it’s been completed the responsible directors and shareholders come to us to close shop and tie up loose ends. We work quickly and charge competitive fees. If you’re planning on bringing the activities of a company to an end, reach out using the contact form below.