A manager shall not perform the acts which are beyond the course of ordinary management, except with the approval of all the partners, or under an express provision of the Constitutive Documents. This prohibition shall particularly apply to the following acts: 1. making donations other than the donations which the interest of the business requires as long as they are of little value and customary. 2. selling all or a substantial part of the company’s assets. 3. creating a mortgage or pledge on the company’s assets except for securing its debts incurred in the course of its ordinary business. 4. giving a guarantee of debts of third parties other than the guarantees made in the course of ordinary business with the object of achieving the company’s objectives.
This site currently publishes a verified part of the instrument; the remaining provisions continue to exist and apply independently of their absence from this corpus. Interpretation and application must be checked against the official Arabic text and the current version.