In Hong Kong, if a company is dissolved following compulsory or voluntary liquidation, the court may declare the dissolution void on the application of any person interested within two years of the date of dissolution (Section 290(1) Companies Ordinance (Cap 32)). Such two year period may even be extended upon application under section 290(1A). Company¡¦s shareholders and directors may therefore not rest in peace even after a Company has been officially dissolved.

The job of an attorney service is to make the job of an employees of a law firm easier!

Legal Basis for Intellectual Property Protection

Legislation on Immovable Property

The principal legal act regulating labor relations is the Labor Code of the Kyrgyz Republic. (72)

The Banking system of the Kyrgyz Republic consists of the National Bank of the Kyrgyz Republic (National Bank) and commercial banks.

Transactions in Foreign Currency

Financial Reporting Since 28 September 2001, International Standards of Financial Reporting issued by the International Accounting Standards Committee (London) are accepted as the financial reporting standards of the Kyrgyz Republic.

Taxation in the Kyrgyz Republic is regulated by the Constitution of the Kyrgyz Republic, the Tax Code of the Kyrgyz Republic, (42) specific laws, regulations, and instructions. The authorized agency responsible for the supervision of timely payment of taxes is the State Committee on Taxes and Duties of the Kyrgyz Republic.

It was more than 70 years ago that Schumpeter used the term “Tax Culture” in his celebrated article “Economic and Sociology of the Income Tax”.