I. INTRODUCTION In traditional contract law theory, breach of contract is commonly perceived as a negative phenomenon, arising from bad faith, lack of performance capacity, or objective circumstances beyond the parties’ control. However, in the context of a modern market economy—particularly in high-value commercial transactions—an increasingly notable phenomenon has emerged: enterprises deliberately, strategically, and consciously […]
I. INTRODUCTION Corporate consolidation activities—such as mergers, acquisitions (absorptions), and other forms of corporate reorganization (division, separation, conversion)—serve as important tools for business restructuring, resource optimization, and expansion of scale. A fundamental and highly practical legal question arises: when a company is merged or acquired, do the debts and obligations of the merged or acquired […]