Reorganization of the legal person it is extinction (by removing) of one or few legal persons of the same legal form

(excluding the exceptions provided by law) without liquidation procedure, when its activities as well as rights and obligations are being taken by another legal person, participating in the reorganization.

Methods of reorganization:
  • – consolidation (merger by acquisition, merger by the formation of a new company);
  • – decomposition (division by acquisition, division by the formation of a new company).
For the purpose to implement each method of reorganization it is necessary to fulfil certain conditions. Selection of the method of reorganization it is possible only by knowing the final objective, which you would like to reach after conducting the procedure of reorganization.