Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Refine search results

Journals help

  1. 1 Kwartalnik Prawa Prywatnego

Authors help

  1. 1 Opalski A.

Years help

  1. 1 2008

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  DUTY OF LOYALTY
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

DUTY OF LOYALTY IN COMPANIES

100%
Opalski A.
Kwartalnik Prawa Prywatnego
|
2008
|
vol. 17
|
issue 2
467-501
EN
The duty of loyalty in companies is based upon the basic obligation of shareholders to cooperate with each other. It is an element of the membership relationship and exists both in partnerships and in companies. The scope (intensity) of the duty of loyalty is determined by the legal character of the membership. Whilst a general partner is obliged to refrain from any acts which are contrary to the interests of the partnership, a minority shareholder of a public company can only in extraordinary circumstances be accused of breaching the duty of loyalty. Until now Polish courts have very rarely qualified the behavior of shareholders or corporate decisions as a breach of loyalty. This article presents the most prominent decisions of Polish courts. The bottom line is that the duty of loyalty constitutes an indispensable instrument in companies. It helps to find the appropriate balance between diverging interests of majority and minority shareholders.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.