Company’s legal form change

Company may change its legal form under the conditions and procedure which have been prescribed by the provisions of Articles 478 to 482 of the Companies Act.

Concept of a Legal Form Change

By changing the legal form, a company converses from one legal form into another legal form, in accordance with Companies Act.

The change of the company’s legal form does not affect the legal personality of that company.

The provisions of the Companies Act governing establishment of a form of a company apply mutatis mutandis to the change of a legal form of the relevant company, unless this Act stipulates otherwise. Continue reading Company’s legal form change

Liability for damage of enterprises and other legal persons to third party

Liability for damage of enterprises and other legal persons to third party shall be regulated by the provisions of articles from 170 to 172 of The Law of Contract and Torts.

Liability for damage of enterprises caused by an employee while working or in relation to work, to a third person and liability of a legal person for injury caused by its body shall be regulated by the provisions of The Law of Contract and Torts.

Liability for damage caused by an employee while working or in relation to work to the enterprise where it works as well as liability for damage suffered by employee while working or in relation to work is governed by regulations in the field of labor law. Continue reading Liability for damage of enterprises and other legal persons to third party