Exit remedies for minority shareholders in close companies
Einde inhoudsopgave
Exit remedies for minority shareholders in close companies (IVOR nr. 82) 2011/3.3.3.2.0:3.3.3.2.0 Introduction
Exit remedies for minority shareholders in close companies (IVOR nr. 82) 2011/3.3.3.2.0
3.3.3.2.0 Introduction
Documentgegevens:
dr. Q. Wang, datum 02-05-2011
- Datum
02-05-2011
- Auteur
dr. Q. Wang
- JCDI
JCDI:ADS407516:1
- Vakgebied(en)
Ondernemingsrecht (V)
Toon alle voetnoten
Voetnoten
Voetnoten
Barry M. Wertheimer, The Shareholders' Appraisal Remedy and How Courts Determine Fair Value, Duke L.J. 613, see also Mary Siegel, op cit.
Deze functie is alleen te gebruiken als je bent ingelogd.
Scholars characterize the current functions and goals of appraisal rights as "elusive".1 Abundant purposes of this remedy have been offered by researchers but, unfortunately, no consensus has been reached. It is therefore quite easy to list a handful of goals or rationales while it is hard to say which one has a dominant position. After a close examine of several of the most popular purposes posited by scholars, I conclude that the current role of this remedy is, broadly speaking, to protect the interests of minority shareholders by protecting their fundamental investment expectations and assuring them the fair value of their shares when they choose to leave or be cashed out.