Clarification of the procedures for implementing the statutory clauses for the exclusion of shareholders from a simplified joint-stock company (SAS)

The French Supreme Court has just clarified the procedures for implementing the statutory clauses for the exclusion of shareholders from a simplified joint-stock company (SAS). In this case, a shareholder had been excluded from a SAS on the grounds that he was working for a competing company. The statutory clause authorizing exclusion on these grounds […]