English to Russian Bus/Financial Business/Commerce (general)

14. Conflicts of Interest
1) N/A
2) The director or intending director is not discualified by the office of director from contracting with the company with regard to the tenure of other office or position of profit or as a vendor, purchaser, or otherwise.
3) The contract mentioned in (2) or any transaction, arrangement or contract entered into by or on behalf of the company in which any director is in any way interested **is not liable to be avoided**.