Page 4 - Albanian law on entrepreuners and companies - text with with commentary

Table of Contents:

A. Introduction…………………………………………………………………… 5
B. The Regulatory Context of the Company Law ………………………………. 9
I. The Role of Companies in (Social) Market Economies and their Regulatory
Constitution and Environment…………………………………………………... 9
II. Constitutional Aspects of Albanian Commercial and Company Law…… 13
III. The Impact of the SAA Commitment to Approximate Albanian Legislation
and Practice with the Acquis Communautaire.…………………....................... 14
IV. Some Interpretation Rules Regarding Approximated Company Law
Application………………………………………………………………………... 15
V. The Special Relationship with the Civil Code………………………………. 17
C. Law on Entrepreneurs and Companies – Text with Comments……………... 20
Part I - Common Provisions……………………………………………………... 20
Title I - Entrepreneurs and Commercial Companies……………………………… 20
Title II – Formation………………………………………………………………... 36
Title III – Representation…………………………………………………………... 47
Title IV - Fiduciary Duties………………………………………………………….58
Title V - Employee Participation…………………………………………………... 70
Part II - General Partnerships……………………………………………………72
Title I - General Provisions…………………………………………………………75
Title II - Legal Relations between Partners…………………………………………76
Title III - Legal Relationship of Partners with Third Parties………………………..80
Title IV - Dissolution of General Partnership and Exit of Partners……………….. 83

Part III – Limited Partnerships…………………………………………............. 88
Part IV - Limited Liability Companies…………………………………………. 92
Title I - General Provisions and Formation……………………………………….. 94
Title II - Shares and Transfer of Shares…………………………………………… 99
Title III - Legal Relationships between Company and Members…………………. 102
Title IV - Company Organs…...…………………………………………………… 104
Chapter I - General Meeting……………………………………………………………… 104
Chapter II - Managing Directors………………………………………………………… 116
Title V - Dissolution, Withdrawal and Expulsion of Members…………………... 124
Chapter I – Dissolution……………………………………………………………………. 124
Chapter II - Withdrawal and Expulsion of Members…………………………………...126

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