Consideration is given to the nonlinear problem on a shape of boundary between two viscous liquids, of which one displaces the other one from a solid surface, the Reynolds number being rather low. An asymptotic theory of wetting dynamics is developed that is of the second order with respect to small capillary numbers and valid for any ratio of viscosity coefficients of the media. A formula describing the dynamic contact angle (i.e. the inclination angle of the tangent to the interface) as a function of a distance to the solid is derived. Limitations on the angles for which the second-order theory is valid are shown, If the phase 2 viscosity is zero, the asymptotic second-order theory is valid for angles below 128.7 degrees. A theory applicability domain depends on the ratio of viscosity coefficients. The applicability domain is not Limited if the viscosity coefficients differ by a factor of less than four.