Article 271 of Companies Law

If the losses of a shareholding company reach three quarters of the paid-up capital, the members of the board of directors shall convene the extraordinary general assembly to consider continuing the company or dissolving it before the term specified in its constitutional document, or taking other appropriate measures. If the board of directors does not convene the extraordinary general assembly, or if a decision on the matter cannot be issued, the Ministry and any interested party may request the competent court to dissolve the company.