The Supreme Court has ruled that shareholders can enter into any agreement that is best for the company, with the exception of the provisions of the shareholders` agreement that are not contrary to the articles of association. The main objective of a shareholders` agreement is to maintain efficient and regular operation as well as the internal management of a company. The parties agreed that in the event of an opposition between the articles of association and the shareholders` agreement, the terms of the shareholders` agreement would take precedence. However, the question of whether there was indeed “inconsistency” was controversial. While this is not required by law, it does not mean that your limited liability company does not need a shareholders` agreement if there is more than one shareholder.