Opposition concerned with “made-to-measure” law for bank shareholders

Page created: Thursday, 21 April 2016 8:46 GMT

BCP   Voting limitations

The main opposition party, PSD, asked the government on Wednesday how it had issued legislation “made to measure” to resolve the specific case of bank BPI and acknowledged it had doubts as to the effectiveness of the solution that was found after a lack of agreement between the shareholders.
António Leitão Amaro MP told reporters in parliament he was concerned about the law that lets banks revise the voting rights of their shareholders to stop voting limitations.
He also said that he had doubts whether “the solution found for this specific case” was “adequate or even sufficient to resolve the specific case that had justified the government’s decision”.