SBG 4863/2016
This case involved whether a partnership should be terminated and the company liquidated because of losses.
Background
A claimant filed a case against a defendant before the court. He requested the court to dismiss his partnership with the defendant. He said that the company had made big losses and that he had the right to dismiss the partnership in accordance with Article 181 of the Law of Companies.
Decision
The court considered the documents of the case and concluded that the continuation of the partnership between the two parties was impossible.
The court ruled that the company should be liquidated and that a liquidator should be appointed in accordance with Article 16 of the Law of Companies.
The claimant appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.