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Home / Services / Entity Liquidation (Wind-Down)

Mandate 09 · Wind it down

Entity Liquidation (Wind-Down)

Voluntary liquidation is the only way to extinguish a Russian entity’s obligations to the FTS, creditors, and regulators. We run that process end to end.

Why frozen shells get more expensive

Every additional year on the register is another year in the audit window, another round of nil filings, and another chance of a field audit. When the board finally wants a clean exit, the liquidator inherits the backlog.

  • Audit window that keeps rolling while the shell sits
  • Director and address decay that blocks the opening resolution
  • Undisclosed creditors and tax arrears found only at publication
  • A field audit that turns a 9-month file into an 18-month file

What it is

Leaving a company on EGRUL “until later” is not an exit. Only a completed voluntary liquidation — or a rare, uncontrolled administrative exclusion — takes the taxpayer off the register. The first is a project you can document for a board and for OFAC counsel. The second is a residual risk.

The statutory path is rigid: a participant resolution, a liquidator, publication in the State Registration Bulletin, a creditor window, interim and final liquidation balance sheets, settlement with the FTS and funds, and a deletion record. In most foreign-owned files the FTS will look at the last three years.

A sale of the shares to a Russian buyer is a different statute: for many “unfriendly” sellers it has meant Sub-Commission approval, a mandatory discount to market, and a large budget contribution. Net proceeds can collapse. We do not run that M&A process. We run voluntary liquidation — the path that actually deletes the taxpayer and produces a file you can show counsel.

Colibry runs that path through the affiliate, with English reporting at every statutory gate, so the parent’s GC is never waiting on a Russian-language surprise.

What is in scope — and what is not

We do

  • Preliminary due diligence: tax arrears, creditors, open contracts, field-audit risk
  • Preparation and notarization of the liquidation resolution
  • Appointment of a liquidation commission or liquidator
  • Publication in the State Registration Bulletin and the two-month creditor notice
  • Asset inventory; interim and final liquidation balance sheets
  • Settlement of FTS, social-fund, and known creditor claims
  • Field tax audit support if the FTS opens one
  • Final package to the FTS and the EGRUL deletion record
  • Closing English report and an archive recommendation for the parent

We do not

  • Bankruptcy as a substitute for voluntary liquidation (different statute, different team)
  • A Government-Commission / Sub-Commission sale to a Russian buyer (M&A counsel owns that)
  • A promise of a fixed end date if the FTS opens a field audit
  • Distribution of assets that would violate sanctions or export controls

How the work runs

  1. 01

    Diagnostic

    Arrears, contracts, employees, bank, 1C, and FTS posture. This is where we tell you 6–12 versus 12–24 months.

  2. 02

    Open

    Participant resolution, liquidator on EGRUL, publication.

  3. 03

    Creditor and tax window

    Two months of notice, claims book, interim balance sheet, FTS dialogue.

  4. 04

    Close

    Final balance sheet, settlements, deletion record, archive.

Calendar

WhenWhat
Month 0Diagnostic and engagement letter
Month 1Resolution, liquidator, publication
Month 1–3Creditor window; often the FTS desk review
Month 3–12Settlements and final filing — longer if a field audit is opened

What we need to start

Missing items are a workstream, not a reason to wait. A signed note that a year of filings does not exist is more useful than another month of silence.

  • Charter, EGRUL, participant corporate authority to resolve liquidation
  • Last three years of tax and accounts, or a statement that they do not exist
  • Bank statements and a list of known creditors and contracts
  • Employee status (even one leftover employment contract matters)
  • Fixed-asset register and any remaining inventory
  • Pending litigation or FTS acts

Reporting

Stage-gate English notes: resolution filed, publication date, claims, FTS acts, deletion extract. Nothing material moves without a written status to the client.

Who it is for

Boards that have already decided to exit and need a defensible, documented wind-down rather than a frozen shell.

We will not take

  • A “strike off tomorrow” request — Russian voluntary liquidation is not Companies House
  • A desire to abandon assets in a way that violates U.S. sanctions

Fees and start

Fixed-scope engagements with fees agreed in advance. Pricing is set after an initial consultation at no charge. Standard liquidation: 6–12 months. With tax disputes or a field audit: 12–24 months. See how the New York contract works and the week-one document pack.

Questions on this mandate

Can we just stop paying and let the state strike it off?
Administrative exclusion exists, but it is not a strategy. It leaves residual claims, director risk, and a story you cannot take to a regulator. Voluntary liquidation is the file you can show counsel.
Do we need the original director?
You need a liquidator on EGRUL. That can be appointed by the participant. A missing historical director is a problem we solve in maintenance, not a dead end.
What if the FTS opens a field audit?
Then the file lengthens and we staff the audit-defense track. We do not pretend the license text or the statute lets us skip an inspector who has already opened.
Should we sell instead of liquidate?
Only if you have M&A counsel and a buyer who can clear the Commission process. Economically, discount-plus-contribution has been a poor file for many Western parents. We will say that in the diagnostic. We will not pretend we are a sell-side advisor.

Confidential intake

Begin with a conversation, not a wire to Russia.

Complimentary initial consultation. We typically respond within one business day. Inquiries are handled with complete discretion.

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