company debts and liability of partners or shareholders under Iranian law
Liability for company debts depends on the company type and the source of the obligation. Limited-liability companies, joint-stock companies and general partnerships have different consequences for their members; a personal guarantee or undertaking may also change the result.
Request a consultationcompany debts and liability of partners or shareholders under Iranian law
Liability for company debts depends on the company type and the source of the obligation. Limited-liability companies, joint-stock companies and general partnerships have different consequences for their members; a personal guarantee or undertaking may also change the result.
Important aspects of this matter
Point 1
Company form and the time the debt arose
Point 2
The contract, cheque, guarantee, or instrument from which the obligation arises.
Point 3
The signatories’ capacities and the limits of their authority
Point 4
Existence of personal guarantee, Joint and several liability or special legal basis
Legal points and course of action
A company’s legal personality means that its obligations are in principle pursued against the company’s own assets, although the type of company and an individual’s conduct or undertaking can create exceptions. The label “partner” or “managing director” alone is therefore insufficient to determine liability.
In every case, compare the company’s current registration records, internal documents and actual events. Similar case labels do not mean that the relief sought, opposing party or legal outcome will be the same.
Related topics
Dissolution and liquidation of a company
Ending company operations, a dissolution resolution or judgment, appointment of a liquidator, debts and distribution of the remaining assets.
corporate bankruptcy under Iranian law
Cessation of payments, the effects of a bankruptcy judgment, the position of directors and creditors, and the distinction from ordinary dissolution.
partner or shareholder dispute in an Iranian company
Disputes over management, profits, voting rights, document access, general-meeting decisions and performance of members’ agreements.
Registration of company changes and meeting minutes
General-meeting and board minutes; changes to directors, capital, address, business objects and authorised signatories.
Relevant legal sources
Iranian Commercial Code («قانون تجارت»)
Iranian Act Amending Part of the Commercial Code
Iranian Civil Code («قانون مدنی»)
This list identifies the principal legal provisions relevant to the page. The applicable law and amendments must be checked against the dates, subject matter and circumstances of each case.
The official texts and latest amendments are available in the National Database of Iranian Laws and Regulations.
Frequently asked questions
Methods of contact
For legal advice or follow-up on a case, contact us using one of the methods below.