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If the creditor, up to the moment of receipt of the discover that the declare is contested, has already initiated a continuing towards the company regarding that declare earlier than a competent courtroom, the creditor is under no obligation to provoke a new continuing upon receipt of the notice that the declare is contested. Liquidation is accomplished by the adoption of the decision on completion of liquidation, referred to in Article 540 paragraph three of this Act. In the case referred to in paragraph 1 of this Article, the liquidator could not settle the collectors' claims, save for the claims incurred in the midst of the corporate's day by day operations till the day of initiation of the bankruptcy continuing. In the occasion of a dispute among the members of the corporate on the distribution of liquidation surplus, the liquidator stays that distribution till the final completion of the dispute. With regards to the claims referred to in paragraph 1 of this Article, the liquidator is considered to be a creditor of the corporate in liquidation. A liquidator represents the company in liquidation and is liable for the legality of the corporate's operations.

AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 information and data gadgets every day from over one hundred African news organizations and our own reporters to an African and global public. is one of Zambia’s longest established authorized firms and deserves its reputation because the agency of... To contact the copyright holder directly for corrections — or for permission to republish or make other approved use of this material, click right here.
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Among the only a few ladies appointed as judges in Germany earlier than the Nazi period have been several attorneys of Jewish origin, together with Hedwig Brann-Frank in 1928 in Frankfurt/Main, Gertud Else Rahel Samulon-Guttmann in 1929, Erna Haslacher and Marie Munk in 1930 in Prussia. In this authorized world dominated by large worldwide teams or long-standing local companies, we select to be each by combining effective local law agency structures and international standards of legal ...
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That signifies that the year 2021 will deliver many legislative changes triggering a new wave of renewables investments, also in CEE and SEE region. The new European Green Deal is meant to be the necessary thing programme of the European Union to stimulate the economy after the economic crisis brought on by the COVID-19 pandemic. "Net Zero 2050" is an bold goal to attain, requiring significant developments in a number of areas from energy efficiency measures to sector coupling with intermittent renewable vitality generation. To learn more, check out the legal article of PONTES Vienna Partner, Bernd Taucher, printed on CEE Legal Matters. A nationality requirement applies, apart from nationals of EEA nations. Recently, the Austrian Supreme Court issued a pivotal ruling on the legal responsibility of a Bank-Auditor.