A Statement of Insolvency Proceedings in Another Member State with Consent to Dissolution refers to a legal document that provides information about insolvency proceedings initiated in another member state of the European Union (EU) or the European Economic Area (EEA) where the company is registered, and the subsequent consent to dissolve the company.

When a company registered in the UK is subject to insolvency proceedings in another EU or EEA member state, the relevant authority or liquidator in that jurisdiction may issue a statement summarising the insolvency proceedings. This statement outlines key details about the proceedings, such as the date of commencement, the nature of the insolvency procedure, and the appointment of an insolvency practitioner or administrator.

The statement also includes information about the consent to dissolve the company. Consent to dissolution means that the company’s creditors and other relevant parties have agreed to the termination and winding up of the company’s affairs as part of the insolvency process. The consent to dissolution is typically granted after the completion of necessary steps and requirements under the insolvency proceedings, such as the satisfaction of creditors’ claims.

The purpose of the “Statement of Insolvency Proceedings in Another Member State with Consent to Dissolution” is to provide notice and documentation to authorities and interested parties in the UK regarding the ongoing insolvency proceedings in another EU or EEA member state and the subsequent consent to dissolve the company.

This statement is essential for maintaining transparency and ensuring compliance with relevant legal and regulatory requirements in both the UK and the member state where the insolvency proceedings are taking place. It allows relevant parties, such as creditors, shareholders, and regulatory bodies, to be informed about the status and progress of the company’s insolvency proceedings and the decision to dissolve the company with consent.

It is important for all stakeholders to carefully review the “Statement of Insolvency Proceedings in Another Member State with Consent to Dissolution” to understand the implications for the company and their rights and obligations in relation to the insolvency process and the dissolution of the company.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.