afvikleren

Afvikleren is a Danish term used to designate the person or entity responsible for winding up, liquidating, or concluding an organization, project, or contractual arrangement. The afvikler oversees the winding-down process to ensure that remaining obligations are met, assets are realized where appropriate, and activities are transferred or terminated in an orderly manner.

Typical duties include developing a wind-down plan, notifying stakeholders, settling debts and contractual commitments, realizing assets, handling employee matters, and ensuring compliance with applicable laws and regulations. The afvikler coordinates with financial institutions, advisers, auditors, and legal counsel to document decisions and maintain accountability during the closure.

Contexts where an afvikler may be appointed include corporate insolvencies, dissolution of companies or funds, wind-down of public programs or contracts, and temporary or permanent closure of facilities or events. The exact powers and duties of the afvikler are usually defined by contract, governance documents, or court decisions.

Appointment can be made by a board of directors, a court, a regulator, or by contract. The afvikler acts within the scope of the assigned mandate and is expected to act in the interests of creditors, investors, employees, and other stakeholders, while preserving as much value as possible during the transition.

Terminology related to afvikleren emphasizes the distinction between the person or entity responsible for winding up (afvikleren) and the process itself (afvikling) or the project originally undertaken.