Examples of Luxembourg Companies Law in a sentence
Articles 470-1 and 470-2 of the Luxembourg Companies Law are excluded.
Shareholders should note that the Share Capital Authorization is not a general authorization from the Shareholders to the Board to allot, issue or deal with Shares but is simply an authorization required in accordance with the requirements of the Luxembourg Companies Law.
Under the Luxembourg Companies Law, any increase in the share capital of the company must be approved by the shareholders of the company.
There are a number of differences between the Companies Act, the Jersey Companies Law and the Luxembourg Companies Law which may impact upon the rights of Old Regus Ordinary Shareholders when they become New Regus Ordinary Shareholders.
Shareholders should note that the Share Capital Authorisation is not a general authorisation from the Shareholders to the Board to allot, issue or deal with Shares but is simply an authorisation required in accordance with the requirements of the Luxembourg Companies Law.
As mentioned in Section 7 above, and in accordance with the Luxembourg Companies Law, for Luxembourg accounting purposes, the transfer of the assets and liabilities of the Absorbed Company will be understood to be executed as per the date the Merger becomes effective.
Subject to the provisions of the Jersey Companies Law, the Luxembourg Companies Law, the New Regus Articles and any resolution passed by New Regus conferring authority on the Directors to allot shares, and without prejudice to any rights attached to existing shares, all unissued shares are at the disposal of the Board which may offer, allot, grant options over or otherwise deal with or dispose of them to persons at such time and for such consideration and on such terms as the Board may decide.
Any liquidator appointed by New Regus in a general meeting or by the Board may, with the sanction of a special resolution and any other sanction required by the Jersey Companies Law or the Luxembourg Companies Law, divide among its members in kind the whole or any part of the assets of New Regus, setting such values as it deems fair upon any property to be so divided and determining how the division shall be carried out between different classes of members.
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Subject to the provisions of the Jersey Companies Law and the Luxembourg Companies Law, New Regus may by special resolution reduce its share capital, share premium account, capital redemption reserve or other undistributable reserve in any way.