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The following are some considerations on the new cause for dissolution due to non-compliance with the requirements of an ongoing business (ROB), its suspension and the continuity of the cause for dissolution due to losses as a consequence of the provisions set fort the in the companies’ bylaws.
A.
Verification of the occurrence of the cause for dissolution due to non-compliance with the ROB
Before to the issuance of Law 2069 of 2020 (Entrepreneurship Law), the Commercial Code established the cause for dissolution due to losses consisting in the decrease of the net equity below 50% of the subscribed capital.
Corporate Crimes Under The Egyptian Companies Law - Corporate/Commercial Law mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Coface SA: COFACE SA: FY-2020 results: Net income at €82.9m and 100% pay-out ratio
FY-2020 results: Net income at €82.9m and 100% pay-out ratio
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- Trade Credit Insurance decreasing by -0.8% at constant scope and FX
- Client retention reaches new record levels. New business increasing to €138m
- Improving pricing conditions confirmed and lower client activity continues
Net loss ratio at 47.7%, up by 2.7 ppts. Annual net combined ratio at 79.8% (84.5% excluding the effect of government schemes)
Q4-2020 net loss ratio at 18.3% (33.1% excluding government schemes), due to strong management of past claims and low level of new claims
Annual net cost ratio improved by 0.6 ppt to 32.1%, reflecting costs control in the current environment