This seminar provides an overview on liquidation to equip participants with a glimpse of the administration without much of the technicalities involved.
The seminar will also deal with inquisitive questions such as can a wound up company be revived; and if so, what impact does it have on the administration by the liquidator. A recent case authority will be shared in this respect
The programme will cover the following aspects of liquidation:
1. Its modes of operation
2. The circumstances lead to a liquidation
3. The commencement of a liquidation
4. The effects of liquidation
5. Transactions of concerns to a liquidator
6. The powers and duties of a liquidator
7. Tax assessment of a company in liquidation
8. The life span of a liquidation
9. Records keeping and retention period
Lee Yin Chen
Yin Chen is an approved liquidator under section 9 of the Companies Act; and a practising Chartered Accountant of Singapore. He has 10 years’ experience in insolvency administrations involving voluntary and involuntary liquidations, receivership, scheme of arrangement and compromise; he also spent a fair percentage of time in litigation support work.
Prior to insolvency administrations, Yin Chen was an auditor and was involved in some litigation support work such as shareholders’ disputes, apart from the routine auditing. In 2011, Yin Chen left his employment as a senior manager with the corporate recovery department of a large accounting and consulting service group in Singapore and set up his own liquidation practice.