Abstract
Nowadays several European legal systems include methods for dissolving companies in an easy and quick way. In the Netherlands, a company can be dissolved without pursuing liquidation proceedings (a so-called turbo liquidation). It seems that only one condition has to be met in order to dissolve a company by turbo liquidation: the absence of assets at the time of dissolution. The question arises whether the current rules and practical use of the Dutch turbo liquidation are an open invitation to commit fraud. This question will be answered by comparing the Dutch turbo liquidation to the Belgian one-day liquidation and the UK voluntary striking off procedure.
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