Sonja Geldermans

For companies, ESG is becoming an increasingly important topic. Where sustainability and social responsibility were long mainly reputation or marketing issues, recent (European) developments have made ESG increasingly a legal matter. Companies are faced with new reporting obligations, supply chain transparency requirements, and supervisory measures.

This blog series discusses the main developments in the field of ESG and their consequences for companies.

Shareholder disputes occur regularly within companies. This can particularly be the case when multiple shareholders are involved in management or strategic decision-making.

Turboliquidation is popular among entrepreneurs seeking to terminate their company quickly and cost-effectively.
With a single resolution by the shareholder(s) and registration with the Chamber of Commerce, the legal entity can cease to exist—provided that no assets remain. However, this does not automatically eliminate outstanding debts. Creditors may still petition the court to declare the company bankrupt. Below, you’ll find what is required for such a bankruptcy declaration and why careful application of turboliquidation is essential.