Subsidiaries liquidation in Peru related to unfinished hydroelectric project. Our firm advised Latam Hydro on the wind-up and liquidation process of its three wholly owned subsidiaries in Peru. Our client was awarded with a renewable energy concession for the development, construction, and operation of a hydroelectric central plant in Peru, but finally the project did not go through.
Close communication with authorities, accounting firm, and appointed liquidator: Besides accompanying the client thought all this process, our advisory also involves permanent coordination with the Ministry of Energy and Mining, external accounting firm, and the appointed liquidator.
Formalising subsidiary wind-up on tight timeline: This case is extremely important, as it has to comply with a very short timeline to formalise the wind-up of the three subsidiaries due to mainly related tax implications.
Latest development: The dissolution of the companies has already been carried out and registered. Our firm is proceeding with the last coordination with the liquidator for final corporate and tax actions.
