If the merger’s effectiveness is subject to a suspensive condition or term and, before fulfilment of the condition or arrival of the term, material changes occur in the facts on which the resolutions were based, the meeting of any of the companies may resolve that termination or modification of the agreement be sought; the agreement’s effectiveness is deferred until the decision in those proceedings becomes final.
Se a eficácia da fusão estiver sujeita a condição ou termo suspensivos e ocorreram, antes da verificação destes, mudanças relevantes nos elementos de facto em que as deliberações se basearam, pode a assembleia de qualquer das sociedades deliberar que seja requerida a resolução ou a modificação do contrato, ficando a eficácia deste diferida até ao trânsito em julgado da decisão a proferir no processo.
Suspensive condition/term and intervening material changes are retained; effectiveness is deferred until the judgment becomes final.
We advise on Portuguese company law in English every day: formation, capital, members’ resolutions, managers’ liability and restructuring. A written answer and a fixed quote within one working day.
Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.