Joint stock company

Law on Cotract and Torts

Financing of the company by the founders through loan

Contracting and implementation of the loan to the company from the founders is almost entirely governed by the provisions of the Law on Contracts and Torts. The Companies Act in the part Additional Payments and Loan to the Company (Articles from 178 to 181) prescribes manner of esblishing the additional payment obligation, consequences of failure…
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Concept, Types, Documents and Procedure of Company’s Legal Form Change

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…
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Acquisition, Merger, Division, Spin-off

Status changes according to the Law on Business companies – concept and types

Concept of a Status change: A company in a status change – the transferring company reorganizes itself to the effect that it transfers assets and obligations to another company – the recipient company, while its members acquire shares, i.e. stocks in that company. The essence of the status change is manifested in the following two…
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