Sichel, Gerardo c/ Massuh S.A. (National Commercial Court of Appeals, Chamber D, 1983)
The application of good faith, abuse of rights, and general private-law principles to the operation of corporate bodies. The precedent confirms that corporate law forms part of the broader private-law system: a decision formally authorized by the LGS may nevertheless be invalid if it constitutes an abusive exercise of rights or violates good faith.
«Sichel, Gerardo c/ Massuh S.A.»
What was at issue
The application of good faith, abuse of rights, and general private-law principles to the operation of corporate bodies.
What was decided
The precedent confirms that corporate law forms part of the broader private-law system: a decision formally authorized by the LGS may nevertheless be invalid if it constitutes an abusive exercise of rights or violates good faith.
- The precedent confirms that corporate law forms part of the broader private-law system: a decision formally authorized by the LGS may nevertheless be invalid if it constitutes an abusive exercise of rights or violates good faith.
- The holding should be read in light of the legal interest protected in the area of corporate abuse, not solely by reference to the documentary form of the act.
- Evidence of the specific facts and of their impact on corporate or creditor rights is decisive when applying the precedent’s doctrine to another case.
Citation: CNCom., Sala D, «Sichel, Gerardo c/ Massuh S.A.», 1983 — Jurisprudencia societaria y comercial
Practical application
It is classic authority for challenges where the violation does not arise from an express corporate-law prohibition.
Frequently asked questions
What is the main takeaway from the case?
Does the rule apply automatically today?
What should be proven in similar litigation?
Do you need advice on this matter?
The firm is headquartered in Buenos Aires, Argentina, and advises clients worldwide.
Contact the firm