They were all experienced entrepreneurs, investing in a new business

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However, they equally recognized that an absolute majority was risky and, therefore, they began to discuss what the qualified majority would be. In the Manual, we joked several times: it could be two-thirds, three-quarters, 82.397%, 63.0345, etc. If there is no mandatory qualification imposed by law, space is opened for self-regulation.

We brought up and developed this theme in “Legal Structuring of Companies” (Editora Atlas, 2024) : there are constitutional and legal provisions; provisions, in fact, that are generic in several aspects; there are bulk sms bahrain even legal suggestions for when the parties do not agree otherwise; in addition to what the law determines and what the law prohibits, a wide space is opened up to define the rules that will apply to their company and business activity. Most people think that, by defining them, they give up the freedom of not having them.

A serious mistake. From the fog of non-decision, of renouncing the power to self-regulate, space is opened up to, in the face of doubt, of litigation, return to the generality of the law and the risk of interpretation, which will not be their own, but that of a judge (judge or arbitrator). This can lead to problems that are far from being nonsense; the risk of randomness is assumed. And, on the shores of these unknown waters, all kinds of reasons to cry arise, believe us. It is better to walk along the paths that you have built and defined. Think about it. Argue with your client. These paths are corporate legal standards, written by lawyers, based on the clients' choices. Great.