Simulation 4: Closing and Post-Closing Report
Objectives
- Conduct a bilingual closing
- Explain closing documents
- Write a final report to the client
Explanation
At closing: the quota transfer is executed, the new manager is appointed, minutes are protocolised, the escrow releases the price minus the retention, and the beneficial ownership registry is updated. Afterwards, send a closing report listing documents, filings, pending items and post-closing obligations.
closing statement
A document listing all payments at closing.
“Please review the closing statement.”
closing report
Final summary to the client after closing.
“We will send the closing report next week.”
post-closing obligations
Duties remaining after closing.
“Post-closing obligations include RTBF update.”
quota register
The book recording quota holders of an S.R.L.
“The quota register was updated.”
handover
Transfer of control and documents.
“The handover of legal books took place at closing.”
Flashcards
Match terms and definitions
closing statement
closing report
post-closing obligations
quota register
handover
Complete the sentences
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