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NEWSLETTER 2011

54

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.