Company liquidation services in Vietnam
Company liquidation, often referred to as “winding up” or “dissolution,” involves shutting down a company and allocating its assets to its creditors and shareholders. This process is usually carried out when a company can no longer sustain its operations, whether due to financial issues, insolvency, or a choice made by the company’s owners.
The main objective of liquidation is to systematically conclude a company’s operations, settle its liabilities, and allocate any leftover assets to its stakeholders.
Liquidate the company with us
If you intend to liquidate your business in Vietnam, our specialists are ready to assist you. Easily manage the intricate details and ensure a straightforward, efficient liquidation process. Take advantage of our vast expertise for a hassle-free dissolution. Our skilled professionals will manage all elements, such as paperwork, creditor claims, and asset distribution. Reach out to us today to explore your liquidation requirements and guarantee a successful wind-up in Vietnam.
Expert guidance at every step
During the business liquidation process in Vietnam, our committed team of professionals will accompany you, offering guidance, support, and expertise. We strive to make your experience smooth from the first consultation to the final dissolution stages. Our extensive services are tailored to cover every aspect of the liquidation process, ensuring you receive the necessary assistance at every step. With our team, you can approach the complexities of liquidation with confidence, assured that experienced professionals are managing your case with attention and accuracy.
Personalized strategy
We customize our methods to address your unique needs and goals, ensuring that your insolvency plan corresponds with your intended results. This individualized strategy guarantees that each phase of the liquidation process is aimed at successfully reaching your objectives.
Legal compliance
Our team expertly maneuvers through the intricate legal framework of Vietnam, ensuring that every document, filing, and procedure adheres to local regulations. We manage all legal obligations with great care, minimizing the likelihood of issues and facilitating a seamless experience.
Financial expertise
Leveraging our extensive financial knowledge and valuation expertise, we optimize asset value and minimize financial risks during the liquidation process. Our financial strategies aim to safeguard your interests and increase the value of your assets.
Effective communication
We maintain clear and effective communication with all stakeholders, which helps to streamline the insolvency process. Our method ensures that everyone stays informed and involved, reducing the chances of misunderstandings and improving collaboration.
Specialized solutions for different legal entities
Our tailored solutions address the distinct needs of different legal entities in Vietnam. Whether you are liquidating:
We modify our strategies to align with the unique legal and financial complexities of your business framework. This guarantees an efficient and compliant liquidation process tailored to your entity’s requirements. Rely on our expertise to address the specific challenges associated with your business type, ensuring a smooth and effective wind-up.
Alternatives to liquidation
In addition to liquidation, companies have other options to explore:
Selling the company
Rather than shutting down, a company might consider the possibility of selling its business operations or assets to another organization.
Administrative receivership
When a company defaults on secured debts, a creditor with a floating charge on its assets can appoint an administrative receiver to oversee and sell those assets in order to recover the owed debt.
Company voluntary arrangement (CVA)
This entails suggesting a formal arrangement with creditors to pay off debts over a designated timeframe, enabling the company to keep operating.
Administration
Administration provides a means for a company to reorganize itself in order to avoid insolvency, enabling it to keep operating under the oversight of an administrator.
Director disqualification and company name restrictions
Directors may encounter disqualification proceedings if they are determined to have participated in wrongful or fraudulent actions that resulted in the company’s liquidation. Such disqualification can prevent them from serving as directors for other companies for a designated duration. Additionally, following liquidation, there are limitations on the reuse of the company name. The name cannot be utilized for a new entity unless allowed by the court or after a certain period has elapsed.
Our attorneys can assist you with any of the following:
- Getting ready the paperwork needed to start the liquidation procedure.
- Removal of the business from the commercial register.
- Designating a professional liquidator to fulfill your needs.
Contact us now
Reach out to us, and allow our skilled team to guide you through a successful business insolvency in Vietnam. We will skillfully manage the process together, ensuring the best possible results and a seamless shift to your next venture.