Bankruptcy or Involuntary Liquidation of NUF
A NUF is not a separate legal entity and as such cannot be declared or itself declare bankruptcy. However, bankruptcy may be declared in the foreign main entity. If the main entity has its actual place of management in Norway, it may be declared bankrupt there.
Read more about this topic: Norskregistrert Utenlandsk Foretak
Famous quotes containing the words bankruptcy and/or involuntary:
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
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