The two legal measures are partly interlinked, especially the law on bakruptcy and composition which is linked with several provisions of the Commercial Code.
Merger is possible only between companies having the same legal form.
Companies originating by division must have the same form as the divided company. When this is entered in the commercial register, the warrant of the company's statutory body is transferred to the appointed liquidator, and whose name must also be entered in the register. The liquidator, who must be a natural person, assumes the duties of the statutory body, and conducts operations conducive to the liquidation of the company. He must notify all creditors of the liquidation proposal, and invite them to state their outstanding claims, and their rights. His duties include the compiling of a liquidation balance-sheet.