Las Problemáticas Modificaciones Adicionales a la Transformación de Sociedades Mercantiles (The Problematic Charter Amendments Additional to the Transformation of Corporations)

28 Pages Posted: 25 Mar 2011

Date Written: December 15, 2010

Abstract

Spanish Companies regulation (in particular, Act 3/2009 on the structural modifications of corporations) allows for a simplified procedure of charter amendment in the case of transformation of corporations. In some cases, the simplification might imply a reduction in shareholders' and creditors' rights. This article critically appraises the Spanish rules and proposes a functional interpretation that preserves shareholders' and creditors' legitimate rights when corporations decide to transform.

Note: Downloadable document is in Spanish.

Keywords: corporation transformation, charter amendments, shareholders' rights, creditors' rights

JEL Classification: K22

Suggested Citation

Sanchez-Graells, Albert, Las Problemáticas Modificaciones Adicionales a la Transformación de Sociedades Mercantiles (The Problematic Charter Amendments Additional to the Transformation of Corporations) (December 15, 2010). Available at SSRN: https://ssrn.com/abstract=1787923 or http://dx.doi.org/10.2139/ssrn.1787923

Albert Sanchez-Graells (Contact Author)

University of Bristol - School of Law ( email )

Wills Memorial Building
Queen's Road Clifton
Bristol, BS8 1RJ
United Kingdom

HOME PAGE: http://www.howtocrackanut.com/

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