Russell Smith
Our Assisted Dissolution, or ‘soft’ wind down services team provide cost-effective options for private equity and alternative investment fund entities, directors and management as alternatives to formal, premature or more distressed liquidation procedures.
In many situations it may not be desirable to management to place a company into liquidation, at least in the short-term. Inability to realise valuable but illiquid assets in the short-to-medium term has to be balanced with the projected ongoing costs of operations. With fund entities the costs of retaining key service providers such as investment managers, administrators, custodians and auditors may be substantial.
Corporate directors and management teams might have significant commitments among a number of funds or private equity investments, with time better employed attending to more active engagements.
Without relinquishing control of a corporation and its assets to a liquidator directors and management are able to engage our team as advisors to assist with the oversight of day-to-day operations and stewardship of the assets, with a view to achieving eventual recovery and corporate dissolution, where required.