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Abstract(s)
A proibição de assistência financeira tal como prevista no artigo 322.º do
Código das Sociedades Comerciais é ainda uma proibição em termos absolutos,
contrariando as tendências de flexibilização que se fazem sentir, nomeadamente a nível
comunitário. Procuramos, com este trabalho, enquadrar o instituto, compreender os seus
fundamentos e, finalmente, analisar a sua compatibilização com a figura do LBO.
Pretendemos ainda demonstrar que não serão de incluir na previsão da norma proibitiva
as operações de MLBO.
The prohibition of financial assistance as provided for in article 322 of the Portuguese Companies Code is still a prohibition in absolute terms, contradicting the ongoing tendencies towards flexibilization of the regime, particularly at EU level. With this work we seek to contextualise the institute, identify its fundaments, and analyse its compatibilization with the LBO. We also intend to demonstrate that MLBO operations should not be included in the provision of the prohibition.
The prohibition of financial assistance as provided for in article 322 of the Portuguese Companies Code is still a prohibition in absolute terms, contradicting the ongoing tendencies towards flexibilization of the regime, particularly at EU level. With this work we seek to contextualise the institute, identify its fundaments, and analyse its compatibilization with the LBO. We also intend to demonstrate that MLBO operations should not be included in the provision of the prohibition.
Description
Keywords
Proibição de assistência financeira Leveraged buy-out LBO Fusão alavancada MLBO Prohibition of financial assistance Merger leveraged buy-out