The Supreme Court clarifies when a director can represent two companies in a sale without requiring additional permission
11 Jun 202680 views
Who is affected:
Commercial companies with shared directors, notaries and property registrars
Summary
The General Directorate resolves that there is no prohibited self-dealing when a sole director of the buyer acts together with a joint director of the seller, as a single will does not coincide in both parties.
Detailed analysis
PRO
The resolution upholds the notary's appeal and revokes the negative qualification of the registrar. The administrative body distinguishes between actual self-dealing—where the same will acts on both sides of the transaction—and mere conflict of interest. In this case, the selling company has joint administration, which…
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