Transfer of business activity to a new company may result in it being obligated to the debts related to the transferred activity
A taxi-station owner borrowed funds and when he could not repay the loan, transferred all the taxi station's activities, free of charge, to a company newly incorporated by his sister-in-law, who also received the station's activity and its debts from customers, but the purchase agreement specifically stated that debts of the business are not transferred... read more
February 19, 2019
