corporate bankruptcy under Iranian law
Bankruptcy of a commercial company differs from a liquidity shortage or simple closure. It centres on cessation of payments and the legal effects of a bankruptcy judgment on the company, directors, creditors and transactions.
Request a consultationcorporate bankruptcy under Iranian law
Bankruptcy of a commercial company differs from a liquidity shortage or simple closure. It centres on cessation of payments and the legal effects of a bankruptcy judgment on 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 records, accounts, company contracts and receivables
Point 3
Claims and enforcement actions of creditors and their timing
Point 4
Significant company transactions and transfers in the period leading up to cessation of payments
Legal points and course of action
Determining the date of cessation of payments and the effects of transactions before and after it is important in bankruptcy cases. Hasty asset transfers or selective payment of debts can have serious legal consequences.
In every case, compare the company’s current registration records, internal documents and actual events. Similar case labels do not mean that the relief sought, opposing party or legal outcome will be 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 over management, profits, voting rights, document access, general-meeting decisions and performance of members’ agreements.
Registration of company changes and meeting minutes
General-meeting and board minutes; changes to directors, capital, address, business objects and authorised signatories.
partner or shareholder exit from an Iranian company
Routes for a member’s exit, transfers of shares or capital interests, capital reduction and the effects of earlier liabilities.
Relevant legal sources
Iranian Commercial Code («قانون تجارت»)
Iranian Code of Civil Procedure («قانون آیین دادرسی دادگاههای عمومی و انقلاب در امور مدنی»)
Iranian Act Amending Part of the Commercial Code
This list identifies the principal legal provisions relevant to the page. The applicable law and amendments must be checked against the dates, subject matter and circumstances of each case.
The official texts and latest amendments are available in the National Database of Iranian Laws and Regulations.
Frequently asked questions
Methods of contact
For legal advice or follow-up on a case, contact us using one of the methods below.