Draft Bill for Plural Voting Actions: An Unfortunate Transposition
“The draft bill published by the Ministry of Economy to transpose the European directive on multiple voting contains, almost in passing, a combination of decisions that generates a technical incompatibility with serious consequences: it requires that the class of plural voting shares be listed and, at the same time, establishes that the multiple vote extinguishes when those shares are transferred. A problem that, if not corrected before the text becomes law, will make the instrument useless.”