Monday January 29th, 2018

Important Amendments to the Companies Law

The 16th of January 2018 saw the issuance of a broad range of amendments to Companies Law No. 159 of 1981. The amendment covers a number of significant issues, including the addition of a new form of company that the law calls the ‘one-person company’, and several other significant amendments to the rules concerning company establishment, shareholder agreements, the evaluation of in-kind contributions to capital, the regulation of preferential shares, treasury shares, cumulative voting, and dispute resolution. The amendment was issued under Law No. 4 of 2018 and comes into effect one day following its publication. For more on the details of this amendment and its effect on business you can visit this link.

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