In their article, Jérémie and Arthur discuss how general meetings, while ordinarily a routine feature of corporate governance, can become a focal point for disputes when tensions emerge between shareholders and directors, particularly during periods of economic uncertainty.
They examine the legal and practical steps that can be taken to anticipate disputes before a meeting, including determining whether shareholder approval is required, complying with convening requirements, and respecting shareholders’ information rights.
Jérémie and Arthur also identify recurring points of friction during general meetings, including the attendance of third parties, disputes over quorum and voting rights, the management of procedural incidents, and responses to questions from minority shareholders. They note that a systematic refusal to engage in shareholder dialogue can itself become a significant source of litigation.
Looking ahead, they also discuss how France’s October 2025 corporate law reform is changing the nature of post-meeting disputes by significantly restricting the circumstances in which corporate decisions can be annulled. They identify three emerging trends: the growing importance of urgent applications to suspend contested decisions; the potential resurgence of fraud as an alternative basis for challenging decisions; and increased focus on liability claims against directors and potentially investors who have become closely involved in management.