The following Restructuring & Insolvency practice note Produced in partnership with Robert Smailes of Leonard Curtis Business Solutions Group & Simon Hunter of ThreeStone provides comprehensive and up to date legal information covering:
A members’ voluntary liquidation (MVL) is a much-used, versatile process as the timing and strategy of the liquidation is initially in the hands of the shareholders and then, on appointment, under the control of the liquidator. This can also prove a useful tool as part of an overall strategy to include a number of different companies in the group. For full details of where an MVL is appropriate, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?
The time of any contingency period for any further action to be taken against the company is six years from dissolution.
The liquidator’s actions in winding up the company’s affairs sho
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