Ações de lealdade
: da sua admissibilidade e relevância na sociedade anónima

  • José Afonso dos Santos Caiado (Student)

Student thesis: Master's Thesis


This essay aims to assess the admissibility and relevance of loyalty shares in Portugal. For this purpose, we give special attention to the amendment to the Portuguese Securities Code, which established the system of multiple voting rights shares in listed companies. We also make an analysis of the risks and benefits of loyalty shares, not ruling out their possible (future) application to unlisted companies.
Date of Award12 Apr 2024
Original languagePortuguese
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorJorge Brito Pereira (Supervisor)


  • Loyalty shares
  • Proportionality
  • Short term
  • Long term
  • Voting rights
  • Control


  • Mestrado em Direito e Gestão

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