Registration procedure
There can be plenty of reasons to modify the instrument of constitution of a business association, such as changing headquarters, change of managing director, increase or reduction of equity capital and change in ownership structure. Because of the statutory requirement of authenticity, it is extremely important for business associations to comply with their obligations above. If the operation of the company does not comply with the legal requirements, the Court of Registration may initiate a lawfulness supervision procedure and, if it is legally liable, may even impose a fine on the company concerned. Our Law firm also informs its clients about the rules and deadlines of compulsory changes prescribed by the applicable legislation, so that our clients can be safe because they do not miss any obligatory changes that are threatened with fines in many cases.
Registration of transfomation
any other type of agreement necessary during the operation of companies, furthermore we are available any time for providing legal advice in the field of economic law in order to help our clients’ operation.
Liquidation procedure
Liquidation is a procedure in the course of which companies are terminated without legal succession and creditors’ claims are fulfilled. Liquidation procedure can be initiated by any creditor (who has unpaid invoice against the company) or by the company itself as well. The procedure has strict formal conditions and during the preparation of the procedure companies also have to comply with rules which make the initiation of the procedure possible. Our Law Firm has wide experience in initiation and operation of liquidations but in many cases it happens that company’s assets do not cover all debts so creditors have to enforce it in other way. In such case if all legal conditions are fulfilled, litigation against companies’ managing director can be started on the basis of Section 33/A of Bankruptcy Act. During this procedure managing directors, whose action resulted the insolvency of the company, can be forced to fulfil claims of creditors of the company.
