ΠΕΡΙΓΡΑΦΗ

Kinanis Academy is currently offering a training program to specifically provide its participants the required knowledge of liquidation procedures in order to recognize the various legal and practical parameters involved and be in a position to resolve complexities that arise on a case-by-case basis.

It is imperative that professionals in the industry involved in business entity liquidations, to become aware of the technical and practical considerations related to such procedures. 

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This program is specifically designed for specialized employees that work within the accounting, corporate, annual maintenance, financial services and liquidation departments and are responsible for dealing with management and renewal of companies, preparation of accounting records and liquidation of companies. More specifically:

• Lawyers
• Paralegals
• Accountants
• Company administrators & Insolvency practitioners

This seminar contributes to Continuing Professional Development for 6 CPD Units.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

PART A: Strike off procedures

• Analysis of strike off of Cyprus companies under article 327, Cyprus Companies Law, Cap, 113
• Analysis of automatic strike off of BVI companies
• Comparison between strike off procedures, between BVI and Cyprus companies
• Notion of ‘no assets’/’no liabilities’ financial position
• Practical examples

PART B: Shareholders’ voluntary liquidation procedure – Cyprus companies

• Procedure and requirements
• Declaration of solvency by directors
• Examination of financial statements of the company and preparatory steps
• Distribution of assets in the course of the liquidation procedure
• Practical examples

PART C: Creditors’ voluntary liquidation procedure – Cyprus companies

• Introduction and comparison with the shareholders’ voluntary liquidation procedures.

PART D: Voluntary liquidation procedure of BVI companies

• Outline of procedures
• Preparation of Accounting records
• Distribution of assets in the course of the liquidation procedure & practical examples
• Comparison of liquidation procedures on BVI and Cyprus