The registration in the trade register of the mention relating to the amendment of the articles of association of a company undergoing the bankruptcy proceedings. Lawfulness

DREPTUL AFACERILOR

Abstract

Following the initiation of the bankruptcy proceedings, the articles of association of a company cannot be amended anymore by a resolution of the general meeting or a decision of the board of directors, respectively the management board, and even less by a decision of the judicial liquidator, as such amendments are possible only during the normal operation period of a company or within a legally approved reorganization plan.