1. Any partner may assign or pledge his stake in the Company to any other partner or to a third party. Such assignment or pledge shall be made in accordance with the terms of the MOA of the Company under a formal instrument duly attested in accordance with the provisions of this Decree Law. Such assignment or pledge shall be valid vis-à-vis the Company or third parties only as of the date of being recorded in the commercial register with the Competent Authority. 2. The Company may not decline to record such assignment or pledge in the register unless the same violates the provisions of the MOA or this Decree Law.
Interpretation and application must be checked against the official text and current version.