Your
partner is a trader running a personal business
|
- His identification : it is the number which was granted to him in the Trade and Personal
Property Credit Register.
- His capacity to enter into agreements : this shall not give rise to any problem if he is not subject
to any impediment preventng him from concluding contracts.
- His type of antenuptial settlement :
it is of course an important data if he/she is married.
N.B. Article 7 of the Uniform Act on general commercial law provides
that the spouse of a trader shall not have the statuts of trader
unless he or she carries out the commercial transactions referred
to under articles 3 and 4 as regular occupation and seperately from
those of his/her spouse.
Top of the page
Your
partner is a company
|
- Its identification : it is also the Trade and Personal Property
Credit Register identification number.
<> It is a private company
- If the articles of association do not entail
any provision as to the management of the company, all the partners are
supposed to be managers : you will thus have several persons in front of
you.
- If the articles of association do entail
such provisions, you may have one or several managers appointed in them
or in a subsequent deed.
>To be underlined
In his relations with third parties, the manager
of a private company commits the company by all acts falling within the
company's objects. If there are several managers, each of them have the
same powers as if he was the company's sole manager. Any objection made
by a manager to the action of another one has no effect with respect to
third parties, unless it is established that they were aware of such objection
(art. 277 § 3, 4 et 5 of the Uniform Act on commercial companies UACC).
<> It
is a sleeping partnership
It shall be recalled that pursuant to the provisions
of :
- article 298 of the UAGCL, the sleeping
partnership is managed by all active partners, unless otherwise provided
by the articles of association which may appoint one or more managers from
among the active partners, or provide for the appointment of such manager(s)
in a subsequent instrument, under the same conditions and with the same
powers as in a partnership,
- article 299 : the sleeping partners
must not perform any act of external management, even by virtue of a power
of attorney. uw It is a private limited company Depending on circumstances,
you will have in front of you one or several managers, natural or legal
persons, partners or outsiders, appointed in the articles of association
or in a subsequent deed.
<> It
is a private limited company
Depending on circumstances, you will have in
front of you one or several managers, natural or legal persons, partners
or outsiders, appointed in the articles of association or in a subsequent
deed.
>To be underlined
Pursuant to the provisions of :
- article 328 § 2 and 3 of the UAGCL :
. when there are several managers, each one
is seperately entitled to act on behalf of the company, save the right
for each of them to object to a transaction before it is concluded,
. the objection by one manager to the acts
of another manager shall have no effect on third parties unless it is established
that they were aware of it ;
- article 329 § 1 and 3 of the same Uniform
Act :
. in his relations with third parties, the
manager shall be vested with the widest powers to act under all circumstances
on behalf of the company, subject to the powers which this Uniform Act
expressly confers on partners,
. any provision in the articles of association
limiting the powers of managers is not demurrable to third parties .
<> It
is a public limited company with a board of directors and a chairman and
managing director
You will have in front of you a chairman and
managing director or an assistant general manager. Indeed :
- pursuant to the provisions of article 465
of the UACC, the chairman and managing director is in charge of the general
management of the company and represents it in its relations with third
parties. For the performance of his duties, he is given the widest possible
powers to be exercised within the limits of the objects of the company
and subject to the powers expressly conferred on the general meetings or
especially reserved for the board of directors by law or the articles of
association.
- In addition, pursuant to the provisions of
articles 470 and 472 of the same Uniform Act, the chairman and managing
director may be assisted by one or several assistant general managers appointed
by the board on his proposal.
In his relations with third parties, the assistant
has the same powers as the chairman and managing director. Any provision
of the articles of association and any decision of general mee- tings of
the board of directors restricting the powers of the chairman and mana-
ging director or his assistant(s) are not be demurrable to third parties
acting in good faith (art. 465 and 472).
<> It is a public limited company with a board of directors and a chairman
of the board
Same remarks as here-above, but you will have
in front of you a general manager or an assistant general manager.
<> It
is a public limited company with a managing director : it may be a sole
holder company (comprising only one shareholder) or a company with several
shareholders.
Same remarks as here-above, but you will have
in front of you a managing director or an assistant managing director.
<> It
is a joint venture :
- Its identification : a joint venture has no identification number
in the Trade and Personal Property Credit Register since it must not be
registered. Since the existence of the company must not be disclosed to
third parties, each partner is personaly committed while entering into
agreement with third parties (art. 861 § 1 of the UACC).
It shall be otherwise and there shall be an
indefinite, joint and several liability :
- if one or several partners expressly behave(s)
with third parties as a partner/as partners: each of the concerned shall
then be liable for the others'commitments,
- or if, by interference, a partner has
induced his/her contracting partner to believe that he/she intended
to commit himself/herself whereas it is proved that he/she derived
some profit from the transaction carried out.
Top of the page
Your
partner is an economic group partnership
|
- Its identification : it is the Trade and Personal Property Credit Register identification
number.
Who will you have in front of you ? Article 879 of the UACC mentions
that the economic group partnership may be administered by one or more
natural persons or corporate bodies, provided that, in the case of a corporate
body, a permanent representative be appointed, who shall incur the same
civil and criminal liabilities as if he was a director in his own name.
With this precision, the agreement or, failing that, the general
meeting of the members of the economic group partnership, may freely organize
the administration of the group and appoint directors whose duties, powers
and conditions of dismissal shall be determined. The executive you will
have in front of you shall thus depend on the choice made.
In his relations with third parties, a director commits the economic
group partnership for any act relating to the object of the group. No limitation
of powers in this respect may be invoked against third parties.
|