NEWSLETTER 2011
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Provisions concerning the capital decrease, on the other hand, are similar
with the TCC in general.
Conclusion
The amendments of the AoA have been reformed within the New
TCC, in conformity with the necessities that arise in practice. The quorums
concerning the amendment of the AoA have been regulated under a
different systematic, and in more details. Different quorums have been
regulated with regards to certain resolutions adopted by the companies
whose shares are traded at stock exchange. The special committee of
preference shareholders has been regulated more efficiently, in such a
way to correct the inconveniencies. The new provisions provide a more
convenient framework concerning the amendments of the AoA, and will
ensure a better functioning of the relevant system.