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Disposal of the Interdiction on Being a Sole Shareholder in Several Limited Liability Companies (The Repeal of Art. 14 of the Companies Law No. 31/1990) – Who Does It Use?

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  • Mioara-Maria Dumitru-Nica

    (Associate Professor PhD, Faculty of Law and Administrative Sciences, „Ștefan cel Mare†University, Suceava)

Abstract

The present article proposes a brief analysis of one of the most controversial amendments to the Companies Law no. 31/1990: the repeal of art. 14 or, in translation, the disposal of the interdiction on a natural or legal person on being a sole shareholder in several limited liability companies. Starting from the presentation of the route taken by the legislative proposal- which currently takes the form of Law no. 102/2020 for the amendment and completion of the Companies Law no. 31 / 1990-, presenting the reason for such a change, in the final part of the article we balance the nuances of enthusiasm, but also those of reluctance with which the doctrine and the business environment embraced the disposal of this interdiction.

Suggested Citation

  • Mioara-Maria Dumitru-Nica, 2021. "Disposal of the Interdiction on Being a Sole Shareholder in Several Limited Liability Companies (The Repeal of Art. 14 of the Companies Law No. 31/1990) – Who Does It Use?," European Journal of Law and Public Administration, Editura LUMEN, vol. 8(1), pages 104-113, June.
    • Handle: RePEc:lum:ejlpa1:v:8:y:2021:i:1:p:104-113
    DOI: https://doi.org/10.18662/eljpa/8.1/153
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    More about this item

    Keywords

    Limited liability company; single-member company; sole shareholder interdiction;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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