European Union
The second Council Directive 77/91/EEC of 13 December 1976 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, in respect of the formation of public limited liability companies and the maintenance and alteration of their capital, with a view to making such safeguards equivalent(3), sets out the requirements for several capital-related meas
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1 provisions
This directive changes EU company-law rules for public limited liability companies, especially capital contributions, share buy-backs, financial assistance, creditor protection, and implementation deadlines for Member States.