Chapter IX · Mergers of companies · Section II · Cross-border mergers

Article 117-B Applicable law

Artigo 117.º-B · Direito aplicável

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. Companies with their registered office in Portugal participating in a cross-border merger are subject to this Section and, on a subsidiary basis, to the provisions on domestic mergers, in particular as regards the merger decision-making process, protection of creditors of the merging companies and bondholders, and employees' rights not governed by special legislation.

1 - São aplicáveis às sociedades com sede em Portugal participantes num processo de fusão transfronteiriça as disposições da presente secção e, subsidiariamente, as disposições relativas às fusões internas, em especial no que respeita ao processo de tomada de decisão relativo à fusão, à protecção dos credores das sociedades objecto de fusão, dos obrigacionistas e dos direitos dos trabalhadores que não sejam regulados por lei especial.

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2. For the purposes of the preceding paragraph, guarantees provided to creditors by a company participating in a cross-border merger under Article 101-B(1) are conditional on the merger taking effect under Article 117-H.

2 - Para o efeito previsto no número anterior, as garantias prestadas aos credores por sociedade participante num processo de fusão transfronteiriça, nos termos do n.º 1 do artigo 101.º-B, estão sujeitas à condição de a fusão produzir efeitos nos termos do artigo 117.º-H.

What we checked in this article

Domestic rules apply subsidiarily; safeguards for creditors are conditional on the cross-border merger taking effect.

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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.

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