What is a Members' Voluntary Liquidation ("MVL") and Where/When are They Typically Used?

Summary

This practice note details what is a members voluntary liquidation ("MVL"), who can propose an MVL, and where they are appropriate to use. It provides some useful information on the procedure surrounding an MVL, including the need for a liquidator to oversee the process and what that liquidator must do as part of this process. It refers to requisite forms to use.