Dismissing a director in a french SAS: statutory rules and extra-statutory personal commitments of the partners

Cass. com., 9 July 2025, No. 24-10.428 and No. 23-21.160 The Court of Cassation has clarified in two rulings the limits and links between statutory provisions and extra-statutory commitments regarding the dismissal of directors in french SAS companies. In SAS companies, the articles of association cannot be circumvented – but the partners may enter into …

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Corporate : No General Assembly resolutions in SAS without at least a simple majority

On November 15, 2024, the Plenary Assembly of the Cour de Cassation issued a landmark decision (case no. 23-16.670) regarding majority requirements in the general meetings of Simplified Joint-Stock Companies (named SAS). This ruling resolves a long-standing debate between the contractual freedom of SAS articles of association and adherence to fundamental principles of collective governance. …

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SAS : Une majorité simple indispensable pour les délibérations en AG

Le 15 novembre 2024, l’Assemblée plénière de la Cour de cassation a rendu une décision importante (pourvoi n°23-16.670) relative aux conditions de majorité dans les assemblées générales des Sociétés par Actions Simplifiées (SAS). Cet arrêt tranche un long débat entre liberté statutaire au sein des SAS et respect des principes fondamentaux de la gouvernance collective. …

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