Development of a detailed step-by-step action plan for the liquidation of the business

The client has decided to reduce the areas of business, due to lack of liquidity.

• Purpose

  Analysis of activities and development of a detailed action plan and measures to minimize risks in the liquidation of intra-holding companies

• Employee involved

  Alexander Dmitriev

• Process description

  The Austrian company had a number of subsidiaries on the territory of Russian Federation, engaged in sales, warranty services and development of technical documentation for ship equipment. Due to the recession of economic activity and purchasing power of business, the company decided to reduce its presence on the Russian market and made a decision to close a number of directions.

• Result

  After an in-depth analysis of financial and economic activities of companies and assessment of risks a detailed plan describing all stages of liquidation of legal entities was drawn up. One of the stages was the reconciliation of mutual settlements with intra-holding companies and withdrawal of the parent company from the Austrian jurisdiction. There was also a plan for the transfer / dismissal of more than 150 employees of the liquidated legal entities. Translated with www.DeepL.com/Translator (free version)