Winding down cross-border operations:
A practical guide
April 14, 2020 | 1PM EDT / 6PM GMT
Any business operating across borders or considering international expansion must consider the possibility that it may need to wind down operations. You may, for example, need to dissolve an entity due to a market slowdown or because you want to simplify your corporate structure.
Unfortunately, each country has its own unique requirements and costs related to winding down an entity. These must be accounted for during any due-diligence process, whether you’re conducting a legal entity rationalization or considering expanding to a new country. If you don’t, your budgets, timelines and projected revenues may be inaccurate.
The bottom line is that fully grasping the details of winding down operations can significantly reduce your organization’s risks. To help you understand the process, our experts will discuss:
- Conducting a legal entity rationalization and why it’s important
- Understanding your exit options
- What to consider when deciding to wind down an entity
- Important HR and immigration considerations
- Some common misconceptions of entity dissolution, including pitfalls to avoid
- Some case studies involving wind-downs by region, including EMEA, APAC and the Americas