Not everything that is called liquidation is liquidation

In our understanding of the word, liquidation is a process which, once completed, acts as a barrier to separate the mistakes of a turbulent adolescence of your business from its quite respectable adulthood. In other words, after having liquidated a company, you feel absolutely free from anything negative that was associated with it. This is, in fact, what liquidation is all about.

However, it is not that straightforward with liquidation in common law countries and a good number of offshore jurisdictions that, being former colonies of the United Kingdom, have adopted many of its law institutes. Thus, such countries may have 4 different procedures which all might at first glance look like a much-desired liquidation – striking off, liquidation, dissolution and winding up, but they clearly have very different legal consequences.

Being aware of legal procedures and their consequences will guarantee you a good night’s sleep – or confidence in the future, whichever you prefer.

Do you need a company without apostilled documents?

Having to pay for an extra service can, of course, be annoying. But it is even more annoying when the mere lack of a required document becomes a stumbling block in a complicated business process.

Having a document without an apostille is the same as having a car in a good condition, but with no technical inspection certificate, which makes its legal use impossible.

An even more complicated case is where you have documents of a company incorporated in a country which is not party to the Hague Convention on Apostille (these are usually Polynesian offshore territories). This means you have to get them apostilled in another country, which can prove to be a problem when presenting such documents in a third jurisdiction.