In the face of the epidemic hazard and restrictions of the movement of people, a practical question arises how to ensure proper representation of capital companies (limited liability companies and joint‑stock companies; collectively: company).
Companies are represented by a management board. Usually, the rules of representation are set forth in company’s articles of association; in practice companies choose joint representation which requires two board members to act together or one board member to act together with a commercial proxy.
Do the two board members or the board member and the commercial proxy have to sign an agreement or its termination or withdrawal statement at the same time?
Newsletter JDP: COVID 19 – Representation of a capital company in a time of crisis