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info@progressor.ee

Liquidation of companies


Liquidation proceedings mean liquidation of a legal entity on the basis of a decision of the owners or a court.

Legislative acts regulating the basic principles of liquidation proceedings: Commercial Code of the Republic of Estonia.

Our company offers assistance in solving the following problems:

  • Advising on liquidation and bankruptcy proceedings
  • Organization of liquidation proceedings, including remotely, on the basis of a power of attorney.
  • Liquidation – the procedure for terminating a limited partnership/company;
  • Liquidation is required if the company does not conduct economic activity / has ceased to make a profit;
  • The company cannot be liquidated if the amount of debt exceeds the value of the property (then you need to go into bankruptcy);
  • The procedure consists of several stages, our company provides legal counselling services at each of them (we draw up all the necessary protocols, decisions, submit reports and applications to the Commercial Register);
  • Liquidation is quite a long process which takes on average 9 months.
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