Under the Law No. 9901 Company Law enacted in 2008, companies that existed prior to the promulgation of that law (i.e. before 21 May, 2008) must adapt their organization, functioning and operation in accordance with the provisions and requirements of the 2008 Company Law within a transitional period of 3 years from 21 May, 2008. The deadline expires on 21 MAY 2011, and so this is a reminder for those companies that have not yet conformed to the requirements of this Company Law to take all the necessary measures to make those adjustments to e.g. Articles of Association for approval and filing with the National Registration Centre. It is important to note that companies that fail to act in conformity with this obligation risk being subject to dissolution and removed from the National Registration Centre following liquidation proceedings. For further details, please check our latest bulletin.