Does removing the director of a company require his consent?
The Federal civil law, states that in order to remove the directors that were appointed in the articles of incorporation of a civil partnership, all the partners consent is required.[1] However, what does “all the partners consent” entail? The director of a civil partnership sued the nullity of a general shareholders’ meeting resolution in which, […]
Can the creditor of a surety bond demand payment from the guarantor if the principal debtor is subject to a commercial bankruptcy proceeding?
Facts A construction company sued a surety entity the payment acknowledgement of an obligation assumed in a construction contract, as well as the cancellation of the bond policies guaranteeing such obligation.[1] The above based on the fact that its obligation to pay the clients was already guaranteed by virtue of a court recognition of its […]