Financial Advisory
Forvismazars
Full Credential Description
A large listed investment group engaged a financial advisory firm to conduct a complex Members Voluntary Liquidation of a property development company that was in the process of developing 315 build-to-rent units. The primary challenge was to facilitate the liquidation while allowing the development to continue without interruption. The client aimed to distribute the development to shareholders immediately upon the commencement of the liquidation, avoiding the need for a sale, which is permissible under insolvency law. To address these challenges, the advisory team undertook extensive due diligence to ensure a smooth and immediate distribution of the development on the first day of the Members Voluntary Liquidation. This involved a thorough review of complex agreements to identify and mitigate any potential liabilities that could affect the liquidation process. The careful planning and execution of these steps were crucial to meet the clients requirements and to ensure that the development could proceed without delays. As a result of the meticulous planning and due diligence, the liquidation was completed within 12 months, and the development continued without any interruptions. This approach not only satisfied the clients immediate needs but also ensured the ongoing viability of the property development project.