Luxembourg Liquidation services

We understand that entrepreneurs and investors may find appropriate to arbitrate about their existing Luxembourg companies. Liquidation is also a part of a strategic vision that leaders have to remain on the path to success.

Your case

You need a liquidator for example, because you liquidate:

• your investment company after the sale of its participation (example: a Special Purpose vehicle such as a SOPARFI)
• your investment vehicle after the successful completion of a large acquisition (example: group acquisition)
• your investment vehicle after its specific goal has been achieved (example: investment fund).

Damalion proposes you to appoint your liquidator or to supervise the appointed liquidator during the liquidation procedure.

Liquidation services

Acceptance of mandate as liquidator (director’s mandate is also available)
Drafting of procedure documentation
Follow-up and coordination with shareholders and local administration
Prepartion of balance sheets, financial statements, liquidation reports.

Preparation of the liquidation

Inventory phase : listing of the company’s assets, cashflow and liquidity analysis
Inventory of the company’s debts and other liabilities
Analysis of the company’s status about its taxation obligations
Listing of the contractual engagements held by the company
Estimation of the total necessary costs for achieving the whole liquidation
Review of the commitments and the tax situation
Setting up an agenda for liquidation execution.

Liquidation operations

• Disposal of the company’s assets
• Liquidation and termination of contractual relations with third party service providers
• Payments of existing debts
• Notifications, communications and coordination with the stakeholders (chartered accountants, tax advisors, auditors if any, public notaries, banks and more)
• Advance payments on liquidation proceeds

Closure of the liquidation

• Draft of liquidation report
• Communication and monitoring with shareholders, appointed auditor if applicable, administrative authorities (taxations)
• Approval of liquidation report during the Extraordinary General Meeting
• Payment execution and distribution of liquidation boni to the shareholders
• Closing formalities with publication of the liquidation end.

Our liquidation services are provided at fair prices and in a reasonable time frame.