Abstract
In this paper we analyse the latest amendment to the Portuguese Companies Code, seeking to explain the unfortunate wording of paragraph 5 of art. 396º, which changed significantly the legal framework of the cash bond to be provided by directors of limited companies – to guarantee the liability that arises of their duties – from which non-executive directors, who are not paid, are excused.
| Original language | Portuguese |
|---|---|
| Pages (from-to) | 297-304 |
| Number of pages | 8 |
| Journal | Direito das Sociedades em Revista |
| Volume | 9 |
| Issue number | 5 |
| Publication status | Published - May 2013 |