Best Corporate Governance Lawyers in Penaranda de Bracamonte
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List of the best lawyers in Penaranda de Bracamonte, Spain
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Spain Corporate Governance Legal Questions answered by Lawyers
Browse our 1 legal question about Corporate Governance in Spain and read the lawyer answers, or ask your own questions for free.
- Can majority shareholders remove me from the board of directors without cause in a Spanish SL?
- I hold a 25% stake in a limited liability company registered in Madrid, and the majority owners have called an extraordinary general meeting to dismiss me as sole administrator without any alleged breach of duty. I want to understand if they can do this without compensation or if the company... Read more →
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Lawyer answer by FORJA LEGAL ABOGADOS
Shareholders can generally remove an administrator at any time, without alleging cause (Art. 223 LSC). There is no automatic severance payment merely because you are removed, unless a separate contract provides for it. The key issue is the articles of...
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