Does Article 165 of the Companies Law, which stipulates that a liability claim shall not be impeded by the shareholders' approval of the directors' discharge, prevent the enforcement of a final release concluded between the director and the shareholders after the termination of his management?

⚡ Quick Answer:

Article 165 of the Companies Law does not prevent the enforcement of a final release concluded between the director and the shareholders after the termination of his management, provided that the release was explicit and comprehensive of all actions, concluded after a sufficient period for verification, and the plaintiff did...