1. Without prejudice to the rights of bona fide third parties, any resolution issued in violation of the provisions of this Decree Law or the MOA or AOA of the Company or for or against a certain class of shareholders or to bring a special benefit to the Related Parties or Third Parties without consideration of the interests of the Company shall be invalid. 2. The judgment establishing such invalidity shall render the resolution void ab initio in respect of all the shareholders. 3. The board of directors shall publish the judgment in two daily local newspapers; at least one of which is published in Arabic. 4. The invalidity lawsuit shall be time barred after the passage of sixty [60] days of the issuance date of the contested resolution. Filing the lawsuit shall not give rise to stay of execution of the resolution in question, unless the competent court orders otherwise.
Interpretation and application must be checked against the official text and current version.