4Recitals 1 and 2 of Directive 2009/101 stated:(1) First Council Directive 68/151/EEC of 9 March 1968 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, with a view to making such safeguards equivalent throughout the Community [(OJ, English Special Edition 1968(I), p. 41)] has been substantially amended several times … In the interests of clarity and rationality the said Directive should be codified.(2) The coordination of national provisions concerning disclosure, the validity of obligations entered into by, and the nullity of, companies limited by shares or otherwise having limited liability is of special importance, particularly for the purpose of protecting the interests of third parties.’
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