Regulatory Alerts2025-10-28 | 51/7Added · Updated
Decision No. 51/7 of 28 October 2025 Regarding the Preliminary Complaint Against CNPF Letter No. 03-5/3501 of 28 August 2025
The National Financial Market Commission (CNPF) issued Decision No. 51/7 to reject a preliminary complaint filed against its letter declaring certain shareholder assembly convocations inadmissible. The Commission determined that the contested letter constituted an administrative operation lacking legal effects, thereby failing to infringe upon any legitimate rights of the petitioner. Furthermore, the decision confirmed that the company's board of directors had lost its authority due to the expiration of its term, rendering its subsequent decisions legally void.
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