Commercial Companies Law

Commercial Companies Law — Article 70

If the manager is a partner and appointed under the company’s constitutive contract, he/she shall not be removed from office except by an unanimous resolution of all partners or by a judgement of the court upon the request of the majority of the partners. The removal of the manager in any of these two circumstances will result in the dissolution of the company unless the Constitutive Documents provide otherwise. If the manager is a partner and appointed by a contract separate from the Constitutive Documents, or if he/she is not a partner, he/she may be removed from office by the majority of the partners and such removal shall not result in dissolution of the company.

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