Commercial Companies Law

Article 86 — Article (86) Manager's Engagement in Competing Activities

Part Three: Limited Liability Company · Chapter Two: Management of the Company

The manager may not, without the consent of the General Assembly of the Company, manage a competing company or a company with objects similar to those of the Company or make, for his own benefit or for the benefit of third parties, deals in any business that competes with or is similar to the business of the Company, otherwise, the manager may be dismissed and required to pay compensation.

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