Your alarm bell procedure in Silverfin
The alarm bell procedure is a procedure that must be applied in accordance with the new company law if one of the following two criteria is met:
• if the net asset has become or threatens to become negative (net asset test)
• if it is no longer certain that the company will be able to pay its debts for at least the following twelve months (liquidity test).
The general meeting must in principle then meet within a period of two months from the date on which it was established that one or both criteria were exceeded. If the general meeting has not been convened, the damage suffered by third parties, unless there is evidence to the contrary, is deemed to result from the absence of a convocation.
The board of directors will explain the measures it proposes in a special report to the general meeting of shareholders. Only the general meeting can subsequently resolve to dissolve the company.