Governance Disputes

Board Decision Challenges

What is the difference between nullity and deviation?

Nullity strikes a decision ab initio on defined grounds; deviation concerns a decision inconsistent with law or charter and does not apply to non-essential violations.

Can the deadline be restored?

No — restoration of a missed deviation deadline is inadmissible.

What is recorded in the minutes?

The place and date of the meeting, voting shares, the circle of participants and the distribution of votes for each decision.

Who signs the minutes?

The chair of the meeting; where a notary attends, the notary too draws up and signs them.

4 min·9 Jan 2026

About This Service

In an entrepreneurial society most decisions belong to organs — the general meeting, the supervisory board, the management body — and challenging those decisions follows a distinct regime established by the Law on Entrepreneurial Societies. This page explains the grounds of nullity of general-meeting decisions (Article 39), the periods of limitation and deviation (Article 92), the standing to challenge a decision (Article 93) and the requirements for the minutes of the general meeting (Article 200), since the minutes are often the central piece of evidence in the dispute.

Nullity of a General-Meeting Decision

Article 39 governs when a decision of the general meeting, or part of it, is void: where the minutes are not notarized in the prescribed manner; the meeting was convened by an unauthorized organ or person; the notice of convocation omits or misstates the firm name, the place, the date or the starting time of the meeting; the notification procedure for partners was violated; the matter does not fall within the competence of the meeting; the decision introduces into the charter a change contrary to law; or it contravenes norms aimed primarily at protecting creditors, public order or morality. Reference to nullity is inadmissible where 3 years have passed since the registration of the decision in the registry — unless the dispute over declaring it void was brought before the period expired.

Updated: 8 Nov 2026