Representatives of companies

Abstract

This paper explores the mechanism of representation and its core purpose, compares the regulations on representation found in the Law of Contracts and Torts and the Companies Act, and references different legal solutions. Furthermore, it discusses the term "legal (statutory) representatives" used in the Companies Act and points out the confusion caused by the use of this term in relation to other laws, as when used elsewhere it has a different meaning. In the end, we analyse the regulations found in the Companies Act, as they relate to legal (statutory) representatives of companies, other representatives, ex officio representatives, and procurators.