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By Olivier MARQUAIS, Senior Associate Anis BENDIMRED, Associate, Loyens Loeff Luxembourg
When one’s interest is at risk further to the malfunctioning of the company and that this poses serious threats to the company, investors may modify the decision-making and the management of a company by seeking to judicially appoint a provisional director with a specific mission and for a temporary period.
The principle and the conditions for the appointment
The rule is that the company’s governing organs and bodies ensure its functioning, and that courts do not – in principle – intervene in its daily life (principe de non-intervention). When courts do intervene, their intervention is generally limited to...
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