Law liquidating


25-Apr-2020 23:26

The administrator has to submit a report on the matter, and file it to the competent court in Switzerland.Businessmen who have entered liquidation procedures in Switzerland are invited to contact our Swiss lawyers.The liquidation of a Montenegro company can be voluntary or compulsory.

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Our team of Swiss lawyers can advise on the manner in which corporate taxes will be imposed to local businesses, depending on their legal entity and object of activity, but it is important to know that the following will apply: When a company has to be liquidated due to bankruptcy, a wide set of steps have to be concluded.If a company has reached its objectives or due to any reason is desired to be liquidated, it must follow the regulations of the Law on Business Organization, the Business Organization Insolvency Law, Law on Bankruptcy and Liquidation of the Insurance Companies, Law on Bankruptcy and Liquidation of the Banks.Our Montenegro lawyers can give you more details about the provisions of this legislation.His first assignment is to deliver a notification related to the liquidation to the creditors and also to the tax authority.

The claims cannot be submitted shorter than 60 days from the written notification.

During the general meeting where the decision is taken, an individual or a corporate body must be appointed in order to complete the process of liquidation.



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