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Eleanor Morgan

Eleanor Morgan

BVI
Partner

Akesha Adonis

Akesha Adonis

BVI
Associate

The End of a Liquidation: Dissolution - The Missing Link

[Dynamic date]

10 July 2018

In the matter of Dynasty Line Limited (In Liquidation), the Honourable Justice Chivers QC, endorsed the correct procedure for the termination of a liquidation and the simultaneous release of the liquidation from acting when the liquidation has come to its natural end.

His Lordship also identified a lacuna in the law, noting that there are no provisions under the Insolvency Act 2003 (the Act) nor the Insolvency Rules 2005 (the Rules) that consider the dissolution of a company after an insolvent liquidation process.