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No Par Value Shares in the Portuguese Legal System
Published online by Cambridge University Press: 26 March 2012
Abstract
This paper analyses the new Portuguese legal system of no par value shares – recently introduced in Portugal by Decree Law 49/2010, published on 19 May – as well as the main reason for this legal solution: to make corporate financing in the stock market more flexible.
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- Copyright © T.M.C. Asser Press and the Authors 2012