/vɑləntɛri ˈwaɪndɪŋ ʌp/ – Phrase
Definition: việc tự ý giải thể.
A more thorough explanation: Voluntary winding-up refers to the process by which a company decides to cease its operations and liquidate its assets voluntarily, typically initiated by a resolution passed by the company’s shareholders. This process is conducted in accordance with the relevant laws and regulations governing corporate insolvency and dissolution.
Example: The company decided to initiate a voluntary winding-up process to liquidate its assets and distribute the proceeds to its creditors.