Introduction
Decree-Law no. 1/2018 of 4 May, has come into force. This
Decree-Law amends the Commercial Code approved by Decree- Law no.
2/2005 of 27 December, partially amended by Decree-Law no. 2/2009
of 24 April, "to adapt it to the need to reduce bureaucracy,
increase flexibility and simplify the procedures to incorporate
commercial companies."
The amendment cover the subjects addressed in the general part
on commercial companies and some of the special rules on limited
liability companies. They include the form of the articles of
association, special rights of shareholders, and their suppression,
limitation or modification, the right to information of the
shareholders, changes to the powers of the general meeting,
additions to those who can represent the shareholder at the general
meeting, and the removal of some formalities, chiefly the need for
documents to be witnessed and notarised. Not only are some changes
made to the duties of the directors of
