Company Winding-Up
/ˈkʌmpəni ˈwaɪndɪŋ ˌʌp/
Definitions
- (n.) The formal legal process of dissolving a company, involving the realization of assets, payment of liabilities, and distribution of remaining assets to shareholders or members.
The company winding-up was initiated after the board resolved to liquidate its affairs.
Forms
- company winding-up
- company winding ups
Related terms
See also
Commentary
The term primarily denotes a company’s dissolution procedure under corporate law; it is crucial to distinguish between voluntary and compulsory winding-up processes when drafting contracts or advising on corporate insolvency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.