Spilios Spiliopoulos and Partners Law Office, acting on behalf of a large Group of Companies, prepares a legal opinion on the conditions and legal consequences of the nominalization of the company’s shares, due to its withdrawal from the Stock Exchange, based on the definitions of Law 4548/2018.
In particular, from force of Law 4548/2018, the shares of all newly established limited liability companies are registered, however, the law provides for a transitional period until 31/12/2019, in order for existing limited liability companies to proceed with the nominalization of shares, based on the procedure provided for in article 184 of Law 4548/2018.
In case the company’s board of directors has not taken the necessary actions for the nominalization of shares by 31/12/2019, then any shareholder who has registered shares may request the court, through the procedure for injunctive relief, to order the company to register him/her in the shareholders’ register and to issue and deliver to him/her new registered shares
