Liquidation of a legal entity is defined in the civil code of the Russian Federation as the cessation of business activity with no transfer of rights and liabilities to other entities.
There exist two distinct forms of Liquidation in the Russian Federation: forced or a free-willed order.
Liquidation is not simple, fast or easy. Regardless of which type of liquidation, legal representation can make this difficult situation end smoothly and legally with a minimum of cost and trouble.
If you choose a free-willed liquidation the following steps are necessary:
All of these procedures are complicated and consume huge amounts of time and energy.
Alternative liquidation strategies exist that take less time. For example, you can have a liquidation sale of the entity to a third party of merge with a third party.
Bankruptcy is defined by the court as the inability of a debtor to pay creditors in full or previously agreed installment payments.
Bankruptcy has a number of processes:
Our Law firm ‘Varsavsky and partners’ is ready to provide qualified representation for any liquidation or bankruptcy at any stage in the process.