Defended the client against an unfounded claim by the client’s shareholder

Our Dispute Resolution lawyers won an important case in defending a client (company) against an unfounded shareholder’s claim requesting the annulment of the resolution of the general meeting of shareholders on the adoption of new articles of association.

Among many other arguments, the claimant argued that the provisions of the new articles of association, which set out a different procedure for the election of the company’s director and board, were contrary to the mandatory provisions of the Law on Companies and the principles of reasonableness and fairness. The court rejected claimant‘s arguments as unfounded and found, inter alia, that the provisions on the election of the company’s director and board laid down in the Law on Companies were not mandatory and that the company’s new articles of association did not infringe the principles of reasonableness and fairness.