Validity and legal effect of the foreign company registration

The registration of the foreign company will be considered invalid under the Law under the following circumstances:

  • If it is done for the purpose of a new legal entity creation or
  • It damages or affects the company’s continuity as a legal entity;
  • It affects the Company’s assets and the manner in which the Company will retain all of its assets, rights, debts and liabilities;
  • It makes ineffective any legal or other proceedings instituted or to be instituted against the Company;
  • It acquits or prevents any conviction, decision, opinion, decree, debt or obligation which is due or will become due against the foreign company or against any of its member, advisor, or officer.

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