{"id":2286,"date":"2019-06-14T17:58:21","date_gmt":"2019-06-14T15:58:21","guid":{"rendered":"https:\/\/ak2024.ntalk.dev\/a-breakthrough-decision-of-the-superior-court-in-prague-on-the-invalidity-of-shareholder-agreements-by-which-certain-shareholders-aim-to-ensure-appointed-directors-follow-their-instructions-when-manag\/"},"modified":"2021-10-13T16:00:44","modified_gmt":"2021-10-13T14:00:44","slug":"a-breakthrough-decision-of-the-superior-court-in-prague-on-the-invalidity-of-shareholder-agreements-by-which-certain-shareholders-aim-to-ensure-appointed-directors-follow-their-instructions-when-manag","status":"publish","type":"post","link":"https:\/\/ak2024.ntalk.dev\/en\/a-breakthrough-decision-of-the-superior-court-in-prague-on-the-invalidity-of-shareholder-agreements-by-which-certain-shareholders-aim-to-ensure-appointed-directors-follow-their-instructions-when-manag\/","title":{"rendered":"A Breakthrough Decision of the Superior Court in Prague on the Invalidity of Shareholder Agreements by Which Certain Shareholders Aim to Ensure Appointed Directors Follow Their Instructions when Managing a Company"},"content":{"rendered":"<p>The Superior Court in Prague, acting as a court of appeal, in its decision file no. 14 Cmo 23\/2018, ruled that provisions of shareholder agreements in which shareholders aim to ensure appointed directors follow the shareholders&rsquo; instructions when managing the company are invalid. Wordings of shareholder agreements and voting agreements that shareholders utilize to try to ensure appointed directors do their bidding when managing the company &ndash; sanctioned by a contractual penalty &ndash; are invalid as contradicting law, which states that directors cannot be instructed in the management of the company, including the use of funds and credit matters. The above-mentioned decision may have far-reaching consequences for joint venture structures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Superior Court in Prague, acting as a court of appeal, in its decision file no. 14 Cmo 23\/2018, ruled that provisions of shareholder agreements in which shareholders aim to ensure appointed directors follow the shareholders&rsquo; instructions when managing the company are invalid. Wordings of shareholder agreements and voting agreements that shareholders utilize to try [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"pravni-oblast":[],"class_list":["post-2286","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Breakthrough Decision of the Superior Court in Prague on the Invalidity of Shareholder Agreements by Which Certain Shareholders Aim to Ensure Appointed Directors Follow Their Instructions when Managing a Company - Achour &amp; Partners<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Breakthrough Decision of the Superior Court in Prague on the Invalidity of Shareholder Agreements by Which Certain Shareholders Aim to Ensure Appointed Directors Follow Their Instructions when Managing a Company - Achour &amp; Partners\" \/>\n<meta property=\"og:description\" content=\"The Superior Court in Prague, acting as a court of appeal, in its decision file no. 14 Cmo 23\/2018, ruled that provisions of shareholder agreements in which shareholders aim to ensure appointed directors follow the shareholders&rsquo; instructions when managing the company are invalid. 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