Selvitysyhtiöt

Selvitysyhtiöt, often translated as "liquidation companies" or "winding-up companies," are entities established in Finland to manage and complete the liquidation process of a company. When a company is insolvent or decides to cease operations, a selvitysyhtiö is appointed to take over its assets and liabilities. The primary role of the selvitysyhtiö is to orderly sell off the company's assets, settle its debts with creditors, and distribute any remaining funds to shareholders.

The process is overseen by a liquidator, who is responsible for all aspects of the winding-up. This includes preparing financial statements, notifying creditors, and ensuring that all legal requirements are met. The selvitysyhtiö operates until all outstanding matters are resolved and the company is formally removed from the Finnish company register. This ensures that the dissolution of the company is conducted in a structured and legally compliant manner, protecting the interests of all parties involved. The establishment of such companies is a crucial part of corporate law in Finland, providing a mechanism for the responsible termination of business activities.