ADGM
Members’ Voluntary Liquidations
A solvent liquidation process for companies able to settle all liabilities in full.
What does this entail?
An ADGM Members’ Voluntary Liquidation (MVL) is a solvent liquidation available where a company can pay its debts in full (typically within the required 12-month period). Directors make a declaration of solvency and shareholders pass a resolution to place the company into liquidation.
A liquidator is appointed to assume control, settle liabilities, realise assets or make specie distributions to members. If insolvency is identified at any stage, the MVL must be converted into an insolvent liquidation (CVL) to protect creditor interests. The liquidator submits his/her final account with the Registrar and the company is deemed to be dissolved three months from submission.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate
The MVL process is utilised, apart from when a company has fulfilled its original purpose and/or completed a specific project and/or is no longer required within a group structure. It is commonly used following business sales, group re-organisations or strategic exits, where shareholders wish to conclude the company’s affairs efficiently.
An MVL may also be appropriate where a company remains solvent but inactive, or where simplification is required to reduce administrative burden and ongoing costs, while maintaining full compliance with legal requirements.
How we can help
We advise on eligibility and solvency requirements, assist with the preparation of statutory and other documentation leading to the appointment of a liquidator, dealing with the administration of the MVL to dissolution.
Next steps
Speak with our team to evaluate whether an ADGM MVL is the appropriate solution.
Key Benefits
Controlled closure for solvent companies
- Orderly and compliant wind-down
- Clear statutory pathway to dissolution
- Built-in protections if solvency position changes
Experienced, Trusted Advisers
Our services are delivered by experienced, qualified professionals who follow a structured and transparent process, from initial assessment through to implementation. We combine technical expertise with a practical approach to ensure each engagement is managed professionally and focused on achieving appropriate outcomes for all stakeholders.