| Commentary

123 Winding up of the company

| Commentary

123 Winding up of the company

Where the business terminates, this may also mean the end of the company which has been running it. However, this is not always the case. If the business is a saleable property, a potential buyer may wish to acquire it through a share purchase rather than an asset purchase1 in which case the company will survive, albeit under new ownership. In other cases, there may be no substantial business to sell and the best course of action will be to dispose of any valuable assets piecemeal. When this has been done, the

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