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Business Restructuring in Liechtenstein

Business Restructuring in Liechtenstein

Business restructuring represents the main objective for any entrepreneur found in a crisis situation. This is where businessmen should consider whether instead of a business restructuring procedure should close the present activity and start a new one with different purposes and projects. Our lawyers in Liechtenstein can help you decide in this matter and can offer legal advice regarding the business restructuring process in Liechtenstein. Furthermore, our team can help you register a company in Liechtenstein and can offer complete guidance throughout the entire process. 

The meaning of restructuring in Liechtenstein and the consequences

The business environment nowadays keeps changing and aligns with the requirements on the market, which in many situations can involve a company cutting costs. The business restructuring decision is taken when a company faces financial problems. In this situation, certain changes need to be imposed, and a restructuring plan must be adopted. No matter the business area, any company in Liechtenstein which agreed on a business restructuring plan should consider cutting the costs, especially in fields where non-operative or unsuccessful activities have been discovered.

The management of the company can also be a matter of further or potential changes if mistakes led to an inappropriate manner of doing business. In numerous situations, cutting the costs in a business restructuring plan may involve repositioning the staff or even fire workers. Please consider that the Employment Law in Liechtenstein represents a well-made legislation in the country and also in Europe, where employers have rights under any circumstances, including restructuring. For a better understanding of this legislation and the rules regarding the business restructuring procedure in Liechtenstein, we recommend you solicit legal support from our attorneys in Liechtenstein.

We invite you to watch the following video on business restructuring in Liechtenstein: