The group of investors who looked at some hypotheses and faced the issuE
Posted: Wed Jan 22, 2025 8:00 am
It may not be all bad: if we face reality, the absolute majority gives the corporation great flexibility: more than half is enough to decide and, in most cases, this is easy to achieve. But it may not be what clients have in mind. And if the lawyer does not submit the matter to his clients, he leads them to hell, perhaps to purgatory, when they were aiming for heaven. And then, Virgil? Where will you lead Dante?
Finally, the simple majority: the majority among those who presented themselves for the vote? This is the general rule of article 1,076, III, of the Civil Code. Are we going to sell the property? Are we going to donate it? Are we bulk sms bahrain going to take out a loan? Are we going to provide a guarantee or a surety? Are we going to buy or sell the brand, the patent, the computer program, the machine? If the articles of association do not provide for these and other matters, if they do not highlight them, if they do not make them the subject of a special deliberative quorum, they will fall under this general rule: “by a majority of votes of those present, in other cases provided for by law or in the contract, if the latter does not require a higher majority”.
This is what applies to the vast majority of companies, whether simple or business, as a result of their superficial, frivolous articles of association; it is a reality that screams like a siren but, unfortunately, only becomes apparent when problems knock on the door, often in the form of a court summons, a notice of violation, or a negative entry in a bad payers’ registry. Sooner or later, low-tech legal technology will take over the entrepreneur and the partners. This has happened and repeated itself until it can no longer be done; it happens and repeats itself until it becomes boring; and, unfortunately, it will happen and repeat itself until we learn.
Finally, the simple majority: the majority among those who presented themselves for the vote? This is the general rule of article 1,076, III, of the Civil Code. Are we going to sell the property? Are we going to donate it? Are we bulk sms bahrain going to take out a loan? Are we going to provide a guarantee or a surety? Are we going to buy or sell the brand, the patent, the computer program, the machine? If the articles of association do not provide for these and other matters, if they do not highlight them, if they do not make them the subject of a special deliberative quorum, they will fall under this general rule: “by a majority of votes of those present, in other cases provided for by law or in the contract, if the latter does not require a higher majority”.
This is what applies to the vast majority of companies, whether simple or business, as a result of their superficial, frivolous articles of association; it is a reality that screams like a siren but, unfortunately, only becomes apparent when problems knock on the door, often in the form of a court summons, a notice of violation, or a negative entry in a bad payers’ registry. Sooner or later, low-tech legal technology will take over the entrepreneur and the partners. This has happened and repeated itself until it can no longer be done; it happens and repeats itself until it becomes boring; and, unfortunately, it will happen and repeat itself until we learn.