Theoretical Foundations of Shareholders’ Right to Appraisal Cover Image

Теоријске основе права несагласних акционара
Theoretical Foundations of Shareholders’ Right to Appraisal

Author(s): Mirko Vasiljević, Vuk Radović
Subject(s): Law on Economics
Published by: Правни факултет Универзитета у Београду
Keywords: Corporation; Shareholder; Rights of minority shareholders; Fundamental corporate change

Summary/Abstract: Shareholders’ right to appraisal represents a controversial topic of corporation law, which is why a relatively small number of countries accept it. In this article, the authors analyze the goals that are supposed to be achieved with the introduction of shareholders’ appraisal rights. In this respect, traditional and modern explanations for the introduction or maintaining of this right have been presented. In the second part of this article, shareholders’ right to appraisal has been critically examined, mostly from corporations’ perspective. Afterwards, several potential causes of inefficiency of using this right have been identified. Perceiving pros and cons of shareholders’ right to appraisal is of particular importance for Serbia, in order to draw a conclusion about harmonization of our legislative solutions with the theoretical foundations of this right.

  • Issue Year: 65/2017
  • Issue No: 3
  • Page Range: 7-27
  • Page Count: 21
  • Language: Serbian