Companies Law

1. Without prejudice to the rights of bona fide third parties, any shareholder may petition the competent judicial authority to invalidate a decision issued by the shareholder assembly in violation of the provisions of this Law or the company’s articles of association if the shareholder objects to said decision during the meeting or if he does not attend the meeting for a valid reason. A lawsuit filed for invalidation shall not be heard after the lapse of 90 days from Companies Law the date the decision is issued. 2. To file the lawsuit referred to in paragraph (1) of this Article, the plaintiff must be a shareholder in the company upon filing the lawsuit and throughout its proceedings.