Emissão de debêntures por sociedade limitada: pressupostos jurídicos e compatibilidade econômica

• Ano de defesa: 2022
• Autor(a) principal: Diniz, Thales Janguiê Silva
• Orientador(a): Nunes, Marcelo Guedes
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Pontifícia Universidade Católica de São Paulo
• Programa de Pós-Graduação: Programa de Estudos Pós-Graduados em Direito
• Departamento: Faculdade de Direito
• País: Brasil
• Palavras-chave em Português: Direito societário; Sociedade limitada; Sociedade anônima; Debêntures; Emissão de debêntures pela sociedade limitada
• Palavras-chave em Inglês: Corporate law; Private limited company; Joint-stock company; Debentures; Issuance of debentures by the limited liability company
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::DIREITO
• Link de acesso: https://repositorio.pucsp.br/jspui/handle/handle/25789

This work aims to analyze and demonstrate the feasibility of issuing debentures by limited liability companies, considering that debentures are financing securities that corporations use to maintain and expand their business activity. Limited companies, however, which represent 98% of the corporate types existing in the Brazilian economy, cannot issue debentures, due to the absence of a legal provision, as the legislation reserves this option only to corporations. The research carried out here seeks to analyze and explore the current legal regime of the limited liability company and its characteristics in the Brazilian legal system, dealing with relevant and controversial issues related to this type of company because it is regulated not by commercial legislation, but by the Civil Code. The study intends to demonstrate that the debentures, which are corporate bonds that companies have at their disposal to finance themselves in the market, due to their nature and legal structure, could also be issued by limited liability companies, similarly to those issued by joint-stock companies, with the which keep similar characteristics. Considering that corporate legislation and the securities market should not restrict the flexibility of new businesses and legal forms, as experience has shown, this work challenges the conservatism of forms to, due to the needs and demands for new Financing sources for medium and large companies, which adopt the limited partnership model, demonstrate not only the need but also the feasibility of issuing debentures by limited liability companies, on a par with joint-stock companies. The conclusion of the research will be guided by the analysis of the necessary assumptions and requirements for the issuance of debentures by Brazilian limited liability companies, based on the rules of the Brazilian Securities Commission