corporate bankruptcy under Iranian law
corporate bankruptcy under Iranian law Business is not the same as a lack of liquidity or a simple closure. The main focus, is the situation of default and the legal effects of the bankruptcy ruling that affect the company, directors, creditors and transactions.
Request a consultationcorporate bankruptcy under Iranian law
corporate bankruptcy under Iranian law Business is not the same as a lack of liquidity or a simple closure. The main focus, is the situation of default and the legal effects of the bankruptcy ruling that affect the company, directors, creditors and transactions.
Important aspects of this matter
Point 1
Status of the debts due and the company's actual ability to pay
Point 2
Financial documents, Accounts, Company contracts and receivables
Point 3
Claims and enforcement actions of creditors and their timing
Point 4
Important company transactions and transfers in the period leading up to the suspension
Legal points and course of action
Identifying the date of cessation and the effects of transactions before and after it is an important issue in bankruptcy cases. Acting hastily in transferring assets or paying off debts selectively can have serious legal consequences.
In each case, the latest company registration status, internal documents and actual events must be matched. The similarity of the titles of the two cases does not mean that the demands, of the parties to the dispute or their legal outcome are the same.
Related topics
company debts and liability of partners or shareholders under Iranian law
Separating the debt of the legal entity from the liability of the partner, shareholder, managing director and personal guarantees.
partner or shareholder dispute in an Iranian company
Disputes about management, Profits, Voting rights, Access to documents, Assembly decisions and implementation of partners' agreements.
Registration of company changes and meeting minutes
Minutes of meetings and board of directors, Change of directors, Capital, Address, Subject and authorized signatories.
partner or shareholder exit from an Iranian company
Methods of exit of a partner, Transfer of shares or ownership interest in a company or partnership interest, reduction of capital and effects of previous liabilities.
Relevant legal sources
Iranian Commercial Code («قانون تجارت»)
Iranian Code of Civil Procedure («قانون آیین دادرسی دادگاههای عمومی و انقلاب در امور مدنی»)
Bill amending part of Iranian Commercial Code («قانون تجارت»)
This list, shows the main provisions related to the subject of the page. The governing law and subsequent amendments must be adapted to the time of occurrence, of the subject and the situation of each case.
The official text and latest amendments of the laws are available at National Information Database of Laws and Regulations of the Country is available to view.
Frequently asked questions
Methods of contact
Contact us for advice and follow-up of the case through the following ways