SOCIAL ECONOMY AND CROWDFUNDING IN PORTUGAL SOME NOTES ON THE LAW N.o 102/2015, 24 TH AUGUST

Abstract

This article briefly describes the main issues on the crowdfunding legal regime approved by the Law n.o 102/2015, 24h august. This law begins by providing for common legal issues associated with the four varieties of crowdfunding (donation, reward, lending and equity crowdfunding). The next section of the Law focuses on the specific rules applicable, one the one hand, to the crowdfunding by donation and reward and to the other the lending and equity crowdfunding. The Law n.o 102/2015 doesn’t mention expressly the social economy organizations. It is relevant question if the social organizations, as they are identified in the Social Economy Framework, may benefit from the different varieties of crowdfunding, as contributors or as crowdfunding campaign creators. This articles argues that the social economy organizations may create crowdfunding campaigns and be investors in others’ organizations crowdfunding fundraising.