This clause prevents the parties to the agreement from selling their shares during a certain period, except possibly to related persons.

They are usually put in place at the time of incorporation or following a capital raising to ensure the stability of the company and to prevent an imbalance in the respective weight of the shareholders.

The lock-up clause must always be justified by a legitimate reason and be limited in time when the company is a public limited company (SA). Where the company is an limited liability company (SRL), the agreement cannot reduce the legal or statutory restrictions.

Related Topic Posts

Please note that this knowledge portal is still under development.


We use technical cookies to ensure the proper functioning of the site, we also use cookies subject to your consent to collect visit statistics. Settings Accept

Tracking Cookies

We need this to streamline your experience on our website.