LIQUIDATION
We all want our business to evolve and flourish. However, it is not always possible to defend a struggling business. If shareholders or a holding company no longer feel that it is fit to keep the company going, then it is reasonable to place it into solvent liquidation. The formal winding up of a company in a controlled manner is what liquidation is all about. We have a team of seasoned experts who have managed numerous liquidations and can efficiently assist you through all of its stages. We act as liquidators of solvent companies initiating and finalizing liquidations in a timely and legal manner. Based on the market condition or the economy, investment funds may fail to attain critical size because of a lack of growth or a reduction in underlying assets’ value. AXIS combines an experienced liquidator’s skills with deep industry expertise and helps in a smooth and hassle-free process of liquidation of investments. We even conduct extensive research, examine the company’s conduct to identify reasons for its liquidation, and offer assistance in every way possible.
For companies in different sectors across the UAE, we assist in the preparation of Board resolution, power of attorney, audit report, liquidator’s statement, etc., which are mandatory documents required for liquidation.
At AXIS, we offer the following liquidation services:
- Appointing of a liquidator
- Manage the liquidation process
- Administer asset disposals
- Negotiations and settlement with creditors
- Coordinate with liquidation accountants
- Process third party liquidation costs
- Organizing and interacting with various legal authorities and government departments
- File de-registrations and other formal notifications
- Administer the complete documentation
- Preparation of statement of affairs
- Supervise the on-going and liquidation specific accounting requirements
Our qualified legal consultants ensure a quick and smooth liquidation process. We provide insights into different management plans, reviewing and mitigating the risks according to your business requirements. Our seasoned team puts together resources required to evaluate accurately, market, and sell industrial and commercial assets in an orderly liquidation or auction.