EN
Shareholders of a simple joint-stock company (PSA) would neither be obliged to cover the minimum share capital prior to the formation of the company, nor they would be liable for the company’s obligations. The PSAs may be established for any legally permissible purpose, not only in the case of new innovative high-risk projects (start-ups), but also in situations where personal liability for liabilities incurred by the company is avoided. The creditor security mechanisms proposed in the bill may not be sufficient to satisfy PSA’s creditors.