Having been in force for more than a century, the scattered and old-fashioned legislation governing company law in Angola had long been showing clear signs of inefficiency in view of the challenges of the new millennium and the era of economic growth brought about by peace.
The entry into force, on 13 April, 2004, of the country’s new Company Law (CL) is a landmark in the comprehensive ongoing reform of the Angolan legal system. It modernises and consolidates the legal framework for corporate structures and creates a high degree of stability and credibility, which is expected to be an important factor in attracting foreign investment.
