Exclusion clauses in “SAS” corporate form since the French law’s Soilihi amendment: a litigation factory?
Since 2019, exclusion clauses can no longer be adopted or modified unanimously but according to the majority rules set forth in the articles of association. This amendment exposes minority shareholders to serious risks that the courts will have to rule on.
Read the article by Noémie de Galembert and Pauline Lethenet in the latest issue of Option Finance.