PROTECTION OF CREDITORS' RIGHTS - AS A CIVIL LAW SUB INSTITUTION WHILE REORGANIZING COMMERCIAL LEGAL ENTITIES

Authors

  • Kutlimuratov Farkhad Kalbaevich

Keywords:

legal entity, legal institution, sub institution, civil law, reorganization, agreement, adding, attaching

Abstract

The legal entity actively participates as a citizen throughout its activity. In particular, commercial legal entities enter into legal relations related to production, sale of goods, the performance of work, and provision of services through the conclusion of economic contracts, the acquisition of rights and obligations. In the course of doing business, commercial legal entities may feel the need to specialize their activities, change the organizational management. Therefore, the legislation provides them with the opportunity to further improve the direction of activities, coordination of available capital and labor, to take organizational and legal measures to optimize management. This opportunity can serve to further develop the activities of the legal entity, to choose economically viable areas, and eliminate possible negative situations. For example, a legal entity may work with another legal entity to expand its capital and economic opportunities, or it may become part of another legal entity in order to withstand competition in the market. The implementation of these processes, takes place through the institution of reorganization, in which civil law applies.

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Published

2021-12-08