Liquidation of inactive business corporations according to § 105a of the act on public registers os is it reasonable to expect a large reduction of corporations within the business register?
2020
Abstract
The paper focused on the amendment to the act on public registers (hereinafter referred to as the "APR"), especially the § 105a of APR in the wording effective from 1.1.2021, which newly stipulates a simplified method to liquidate business corporations that do not fulfill the obligation to submit financial statements to the collection of instruments at least twice in a row, if it is not possible to deliver a call to remedy this deficiency and these business corporations do not have the funds to cover the costs of standard liquidation.