Option Negotiations By Publicly-Held Companies
Brasil Law Articles in English (2008)
- Stuber - Advogados Associados
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Option Negotiations By Publicly-Held Companies
By Walter Douglas Stuber1Current legislation expressly allows publicly-held companies to negotiate put and call options referenced on their own shares, for cancellation, maintenance in treasury or disposal. That kind of transaction is presently regulated by the Brazilian Securities and Exchange Commission ("CVM") by its Instruction nº 390, of 8 July 2003. Op...
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