a)
Increase of basic capital
(i) Principle
Capital may be increased provided that such increase is made in accordance with the provisions with respect to the incorporation of the LLC and particularly with the rules related to the acquisition of an enterprise and contribution of capital in kind.
(ii) Pre-emptive right
Every partner has the right to participate in the increase of capital at the ratio of their capital shares unless otherwise stated in the resolution of capital increase or articles of association. The pre-emptive right of the partners with respect to the acquirement of new shares may be restricted or cancelled by the general assembly resolution. Pre-emptive rights should be exercised within fifteen days.
b)
Decrease of capital
The provisions with respect to the decrease of capital of joint stock companies are applied to the LLC. Capital may only be decreased in order to improve an insolvency situation in cases where the additional payment liabilities stipulated in articles of association are fulfilled.
