The Judicial Dissolution Of A Company

The judicial dissolution of a company, also known as the court-ordered-dissolution, refers to the situation where a company can be dissolved according to the law when company's objectives and performances violate the law, public order or social morality; Or where the company can be dissolved according to the shareholders' application when the company runs into impenetrable difficulties or suffers significant damage or a deadlock appears among the directors or shareholders.As a system of judicial remedy, judicial dissolution of a company was first accepted by case law. The United Kingdom has a history of more than 1000 years of the trusteeship system. As early as 150 years ago, the oppressed shareholders were granted to the right to apply to the court to issue order of forcible clearing. The 93 edition of the