In a TRNC company winding-up, the liquidator may, with Court leave and within 12 months, disclaim an onerous or unprofitable contract; the other party then ranks as an unsecured creditor for any resulting loss.
Claim record · last verified 22 September 2026
How to read this claim
- Jurisdiction
- Turkish Cypriot administration (TRNC)
- Verification
- Primary source verified. We read the primary text ourselves on 22 September 2026.
- Legal review
- Not yet reviewed by a named legal reviewer.
Editorial note
This claim's interaction with NCR's existing contract-registration rule for property buyers has not been researched here.
Version history
- — Published from primary-source research. (version 1, First published)
Sources for this claim
Numbered in order of first use. Each entry names the kind of source it is and the day we read it.
- [1]Companies Law, Cap. 113 (as amended by Laws 28/74, 7/77, 30/83, 28/87, 65/89, 56/91, 42/97, 29/2003 and 35/2007)
Official Receiver and Registrar of Companies, TRNC · Legislation and gazettes · original in Turkish · accessed 20 September 2026 · source record
Cite this record
https://northcyprusreference.com/en/claims/liquidator-may-disclaim-onerous-contracts
Identifier liquidator-may-disclaim-onerous-contracts · Open data · challenge