Estrela da Amadora submitted a Special Revitalization Process (PER) to resolve various financial issues, but the creditor company, MYFC, may have been dissolved. The company's dissolution raises questions about its ability to claim credits or take legal action. According to official records, the company was formally dissolved on February 21, 2023. The dissolution of a company is not just an administrative act, but also means the disappearance of its legal personality, leaving it without the ability to exist as a separate entity with rights and obligations. This raises the question of whether a company that no longer exists legally can claim credits, intervene in legal proceedings, or contest decisions made by third parties. This question becomes even more relevant when analyzed in the context of British company law. Under English law, the remaining assets and rights of a dissolved company pass to the British Crown through the mechanism known as Bona Vacantia. In simple terms, the assets without a title pass to the British state. In this context, the question is inevitable: if there were credits held by the dissolved company, do they continue to belong to the company or have they passed to the Crown? And if they have passed to the Crown, was it notified, consulted, or is it still a dissolved company presenting itself as a creditor? These questions assume special relevance in the context of the Special Revitalization Plan (PER) of Estrela da Amadora.
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Estrela da Amadora: creditor company may have been dissolved
Estrela da Amadora submitted a Special Revitalization Process (PER) to resolve various financial issues, but the creditor company, MYFC, may have been dissolved.
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