Commercial companies have legal personality from the date of their registration in the Trade and Companies Register. The regular conversion of a company does not result in the creation of a new legal entity. The same applies to an extension.
Persons who have acted on behalf of a company in formation before it has acquired legal personality are held jointly and severally and indefinitely liable for the acts thus performed, unless the company, after having been duly formed and registered, takes over the commitments entered into. These commitments are then deemed to have been entered into by the company from the outset.