Characteristics of the Dissolution of Non-Banking Financial Institutions
Characteristics of the Dissolution of Non-Banking Financial Institutions

Author(s): Claudiu-Daniel Telicenu
Subject(s): Civil Law, Law on Economics, Commercial Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: dissolution; liquidation; nullity; company;
Summary/Abstract: This paper deals with a fundamental aspect of the legal framework of companies, i.e. the end of the existence of companies, by dissolution and liquidation. We consider that tackling such a topic is very current and fully justified theoretically and practically. Companies reflect the evolution of the society in which they coexist, being undeniably linked to the economic life of civil society. Similar to natural persons, legal persons are born, they carry out their social life according to the purpose for which they were created and disappear through dissolution and liquidation. The presentness of this paper results, thus, not only from the fact that the existence of companies as "engines" of social life affects the entire civil society, but also from the fact that, in the current economic context, the study of companies’ operations of dissolution and liquidation is extremely appropriate for legal practitioners and others.

• Details
• Contents