Legal Guide on Company Winding up in Montenegro

Here is a presentation on the types of company liquidation procedures in Montenegro. Please read more on this subject here https://lawyersmontenegro.eu/company-liquidation-in-montenegro/.

1. COMPANY WINDING UP IN MONTENEGRO
A presentation brought to you by
LawyersMontenegro.eu

2. Laws
Here are the laws governing company
liquidation in Montenegro:
Company Act;
Business Organization Insolvency
Law;
regulations for financial
companies.

3. Termination Grounds
Here are the main reasons to close a company in Montenegro:
01
termination of
activities;
03
over indebtedness;
02
shareholders’ agreement;
04
failure to meet legal obligations.

4. Types of Procedures
Company liquidation in Montenegro is available
through:
voluntary procedures;1.
mandatory/judicial proceedings.2.

5. Voluntary Liquidation
This type of procedure is
possible when the company’s
shareholders reach an
agreement to close the
business.

6. Judicial Winding up
Mandatory liquidation implies the decision
to shut down the company to be ruled in a
court of law.

7. The following parties must be notified no
matter the type of procedure undergone:
the Trade Register;
the Tax Department;
the creditors;
the employees.
Notifications

8. Duration
Company liquidation may take:
a few weeks for voluntary
procedures;
several years for judicial
proceedings.

9. Legal Support
You can count on our law firm in Montenegro
for assistance in both types of liquidation
procedures.

10. Thank You for Your Attention!
For more information, you can contact us at:
[email protected]
www.lawyersmontenegro.eu