<p><i> 2 minutes </i></p><p>A recent Luxembourg Act that introduces the procedure of administrative dissolution without liquidation has just been published and will enter into force on 1 February 2023. The purpose of the Act is to dissolve empty shell companies quickly and at reduced costs for Luxembourg. The administrative dissolution procedure will enable the administrative dissolution of certain companies without having to go through a formal procedure of judicial liquidation.</p>
In times of financial uncertainties, and the subsequent distress that may follow, companies may have to look for ways to soften the financial burden…
A brief survey of the primary types of voluntary and involuntary liquidation and reorganisation processes in Greece, including key requirements and procedures.