Meeting of the PAC under the Ministry of Justice of the Republic of Belarus

Deputy Chairman of the Association of European Business Maria Karas took part in the meeting of the Public Advisory Council under the Ministry of Justice of the Republic of Belarus. During the meeting, the Association supported the position on the need to establish in the draft Law of the Republic of Belarus “On State Registration and Liquidation (Termination of Activities) of Business Entities” a norm providing for the impossibility of state registration of the reorganization of a legal entity if the reorganized business entities have debts to creditors.

 

This measure will enhance the protection of the rights of creditors of reorganized economic entities, as it will avoid the situation of impossibility to collect debts from a person liquidated after the reorganization.