The purpose of appointing an interim manager is to avoid the unfavorable impacts resulting from lack of management personnel in a company. In such scenario, it is necessary to fix such shortage through the court.
Given the fact that interim managers are not elected through the consensus of all shareholders of a company, the court should evaluate the need to appoint an interim manager for a company on a case-by-case basis with caution—this is for the purpose of avoiding jeopardizing the shareholders autonomy under the company law as a result of abuse of the interim manager system.
Nonetheless, the judicial practice has not yet reached to a consensus on the abuse of such system, and the necessity, qualification and dismissal of an interim manager.
Therefore, this essay aims to focus on the appointment and dismissal of an interim manager, and from the standpoint of the purpose for the system, to collect data from court rulings, and to summarize, analyze and categorize the main types, the appointment and dismissal of interim managers.