Liquidation and restructuring commercial organizations with foreign investment in Belarus

Cessation of a legal entity's activity takes place in a form of its liquidation or restructuring.

The liquidation of a commercial organization with foreign investment shall be carried out on the basis of a decision by the founders (participants), the owner of the assets or an executive body of such an organization duly authorized by the constituent documents to take such a decision, or by court order in the instances established by the laws of the Republic of Belarus.

Announcements on the liquidation of commercial organizations with foreign investment shall be published in the press in accordance with the requirements established by legislative acts of the Republic of Belarus.

Liquidation of a commercial organization with foreign investment involves cessation of its activities with no rights and obligations being transferred under the succession in title to other parties.

The reorganization of a commercial organization with foreign investment shall be carried out in accordance with the legislation of the Republic of Belarus on the basis of a decision by the founders (participants) or the owner of the assets or an executive body of such an organization duly authorized by the constituent documents to take such a decision.

Reorganization provides for succession in title on assets and liabilities. The extent of rights and obligations subject to such transfer from the reorganized organization to the newly created one is determined by the reorganization form (acquisition, merger, separation, split-off, reorganization).