Australia

Confidential Client – Members Voluntary Liquidation

Appointed as liquidator to two related solvent companies at general meetings of the companies for the purpose of winding up the companies and distributing the excess proceeds to the shareholders. By working closely with our Business Advisory team and our Tax Services team we were able to distribute $8.5 million to the shareholders in the most economical and tax effective manner, providing tax savings to the shareholders of in excess of $2 million.

Confidential Client – Members Voluntary Liquidation

We were approached to take the appointment as Members Voluntary Liquidation to the family investment vehicle of a high-profile couple that were going through a contentious and acrimonious divorce, involving regular appearances before the Family Court.

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Members Voluntary Liquidation Experience Specialists

Latest insights from our Restructuring & Insolvency team

Business distress indicators and how to identify them
19 May 2022 | Minutes to read: 5

Business distress indicators and how to identify them

When it comes to assessing business distress and a company’s insolvency risk, there are two approaches: the...
Thousands of Director Penalty Notices issued in ATO debt collection activities
13 April 2022 | Minutes to read: 2

Thousands of Director Penalty Notices issued in ATO debt collection activities

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its...
Are you ready to apply for your Director Identification Number?
6 April 2022 | Minutes to read: 2

Are you ready to apply for your Director Identification Number?

Effective 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number...
Exit smart by using a solvent winding up
23 March 2022 | Minutes to read: 4

Exit smart by using a solvent winding up

When a company’s life cycle has run its course and the corporate entity is no longer required,...
Canberra to consult on the treatment of corporate trusts under insolvency law
24 November 2021 | Minutes to read: 2

Canberra to consult on the treatment of corporate trusts under insolvency law

Australia’s current insolvency law does not clearly address the treatment of corporate trusts which are commonly used...
Directors beware – or face potential criminal charges and ASIC banning orders
11 November 2021 | Minutes to read: 3

Directors beware – or face potential criminal charges and ASIC banning orders

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued...

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