Commercial Companies Law

Article 25 — Article (25) Protection of Clients of the Company

Part One: General Provisions on Companies · Chapter Two: Incorporation and Management of Company

1. The Company may not deny its liability vis-à-vis any client on the grounds that the authorized manager is not duly appointed in accordance with the provisions of this Decree Law or the AOA of the Company, as long as the acts of such manager fall within the usual limits in respect of persons of a similar position in companies that conduct the same type of activity as the Company. 2. Any client may only be protected if he is acting in good faith. A person shall not be deemed acting in good faith if he actually knows or could have known, based on his relationship with the Company, of the shortcomings in the act or thing to be invoked against the Company.

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