Blog

Author Archives: Carla Pérez Hernández

When the Shareholders’ Agreement Is Not Enough: The Supreme Court Delimits Director Liability

Not every form of compensation provided for in a shareholders’ agreement (pacto de socios) constitutes an enforceable debt. And not every failed venture entitles a party to shift onto the director the cost of economic expectations that never accrued. Judgment of the Supreme Court (Sentencia del Tribunal Supremo) No. 799/2026, dated 27 May, Roj STS […]

Skip to content