The Importance of Identifying the Situation of “Conflict of Interests” in the Commercial Companies Law: A Comparative Study in the Iranian Law and the Common Law System

Document Type : Research Paper

Authors

1 Associate Professor, Allameh Tabatabaei University, Tehran, Iran

2 Ph.D Candidate in private law, Allameh Tabatabaei University, Tehran, Iran

10.22034/law.2024.59244.3342

Abstract

From the beginning of the emergence of the legal personality of the company, the direction, and governance of multiple interests of the Beneficiaries is one of the main issues facing the directors. In general, this part of the law is made up of legal rules about management, governance, and regulation of rights and duties related to the conflicting interests of the company's Beneficiaries. Establishing the Benefit and management of these conflicts first requires identifying the nature and types of conflict of interest and recognizing it from similar institutions and legal situations; this will lead to the formulation of useful laws and policies. Despite the lack of explicit policies regarding the identification of conflicts of interest and the existence of scattered In Iranian law, there are provisions such as: "Corporate Governance direction" approved on 11/27/2018 and Articles 129-131, 134, 172, and 189 of the Law Amending Part of the Commercial Code approved in 1968. Also, examples and solutions to deal with this situation have been developed in scientific works and the common law legal system. The present research, for the first time, aims to facilitate the identification of its nature and examples from other similar institutions using an analytical-comparative study of the basics of conflict of interest, its types, and conditions.

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References

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Jurisprudence and Islamic Law
Volume 15, Issue 36
November 2025
Pages 41-81

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