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 a licensed insolvency practitioner under the Insolvency, Restructuring and Dissolution Act 2018, and a Chartered Accountant of Singapore.
Since late 2001, Yin Chen was trained to do insolvency administrations such as liquidation (voluntary and involuntary), receivership, scheme of arrangement and compromise. Corollary to the work of an insolvency practitioner, he also spent time in investigative and litigation support work.
Prior to insolvency administrations, Yin Chen was an auditor and was involved in some litigation support work such as directors' or 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.