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Legal Newsletter: COMPANY LAW

July 2010 - EU & Competition. Legal Developments by Bersay & Associés .

More articles by this firm.

An act by an SAS company in violation of its by-laws will not necessarily be invalidated

In a ruling dated May 18, 2010, the commercial division of the French Supreme Court (Cour de cassation) held that a decision taken in noncompliance with a provision of the bylaws or of the internal rules of a commercial company does not entail its invalidity, unless the provision breached stems from a mandatory rule of law.

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