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Article 60.2 Recognition of reorganization of a failed corporation

📅 Updated: 30.09.2026

1. The court may, at the request of a member of a corporation who has voted against the decision to restructure the corporation or has not voted on the matter, accept a reorganization. If the reorganization was not decided by the participants of the restructured corporation, and if legal persons were submitted for State registration by creating 2. The court ' s decision to recognize the reorganization results in the following legal consequences: (1) in legal persons that existed prior to the reorganization, with the simultaneous termination of legal persons created as a result of the reorganization, which is recorded in a single record. (2) Transactions of legal persons created as a result of reorganization with persons who have relied in good faith on succession shall remain valid for the re-established juries 3. The transfer of rights and obligations is deemed to be non-existent, with the provision (payments, services and (e.g. in favour of a legal person created by reorganization, debtors relying in good faith on the creditor’s side to succeed are found to have done so. If the property(s) of one of the legal persons involved in the reorganization fulfils the duties of the other, which have been transferred to the legal person created in res. The rules on obligations arising from unjustified enrichment (Chapter 60) apply to the relationship of the persons concerned. 4. The participants of the former legal entity shall be recognized as being in good order if the beneficiary knew or ought to have known of the illegality of the reorganization; the shares of the shares in it in the amount in which the shares belonged to them prior to the reorganization and, in the event of the change of participants in the legal entity during or after the reorganization, the shares of the participation According to article 65.2, paragraph 3, of the present Code, the former legal person is returned to him or her.