The Supreme Court establishes that a dissolved company is still regarded as a legal entity when faced with outstanding debts

Wednesday, May 24, 2017

The plenary session of the First (Civil) Courtroom of the Supreme Court has reached a judgement in case nº 324/2107, dated May 24th (Rec. Cassation 197/2015), whereby it establishes that while a dissolved company, having filed the relevant records with the Commercial Registry, ceases to be a registered company and no longer exists as a legal entity, it still retains its legal entity and is still liable for outstanding claims that should have been contemplated during the liquidation operations.