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Dissolution, Liquidation, and Deregistration of Trade Companies in Romania

Author

Listed:
  • Dorinela Nancu

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

  • Alexandra Dănilă

    (“Ovidius†University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

The reasons why a company can be dissolved and then liquidated can be diverse and refer either to the impossibility to make the payment of its debts/claims, or to the decision of the partners / shareholders to dissolve and liquidate the company, followed by the division of its assets. In fact, dissolution - liquidation – deletion/deregistration are the 3 stages of the process of termination of a company’s existence. Each stage mentioned above involves drawing up documentation and taking certain steps, and the successful completion of the dissolution stage allows the entry into the liquidation stage and subsequently the deregistration of the company from the records of the Trade Register Office.

Suggested Citation

  • Dorinela Nancu & Alexandra Dănilă, 2022. "Dissolution, Liquidation, and Deregistration of Trade Companies in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 686-691, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:686-691
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%204/28.pdf
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    More about this item

    Keywords

    dissolution; liquidation; deregistration; trade companies; Low no.31/1990;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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