The (im)possibility of revocation of the decision to cancel the company by the court

The Supreme Court of the Czech Republic rejected an appeal requesting revocation of the decision of the court cancelling the company arguing, that the breach of obligation has been rectified by the company after the decision on cancellation was rendered.

The Supreme Court explained that such revocation is only possible in case of voluntary cancellation of the company and not in case of cancellation by the decision of the court. Consequent rectification of the breach of obligations by the company is thus not relevant.

 

For more details see the full article in Czech.