SHALL A CONTRACT, CONCLUDED BY A COMPANY AND A NATURAL PERSON, WHO IS THE REPRESENTATIVE ORGAN OF THE COMPANY, BE CONSIDERED A SELF-DEALING TRANSACTION? Cover Image
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НАЛИЦЕ ЛИ Е ДОГОВАРЯНЕ САМ СЪС СЕБЕ СИ ПРИ СКЛЮЧВАНЕ НА СДЕЛКА МЕЖДУ ТЪРГОВСКО ДРУЖЕСТВО ЧРЕЗ ОРГАННИЯ МУ ПРЕДСТАВИТЕЛ – НАСРЕЩНА СТРАНА ПО СДЕЛКАТА?
SHALL A CONTRACT, CONCLUDED BY A COMPANY AND A NATURAL PERSON, WHO IS THE REPRESENTATIVE ORGAN OF THE COMPANY, BE CONSIDERED A SELF-DEALING TRANSACTION?

Author(s): Zlatka Vangelova
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Law on Economics
Published by: Институт за държавата и правото - Българска академия на науките
Keywords: Representation; established by a power of attorney; representation by the management organ of the company; guardianship of wards (minors or incapacitated natural persons); self-dealing under art. 38

Summary/Abstract: Self-dealing may take place in the representation, established by a power of attorney, in the representation, carried out by the management organ of a company, and in the guardianship of wards. Art. 38, para. 1 of the Obligations and Contracts Act, regulating self-dealing, is not a general rule, applicable to all three types of representation. It is a provision, applicable only to the representation, established by a power of attorney. Hence, there cannot be made a conclusion that self-dealing is generally forbidden, except if it is explicitly allowed. There is no general ban for self-dealing in the representation, carried out by the management organ of a company, and in the guardianship of wards.

  • Issue Year: LXI/2020
  • Issue No: 2
  • Page Range: 42-49
  • Page Count: 8
  • Language: Bulgarian