Shoot-out right
Shoot-out right
Author(s): Viliam JanáčSubject(s): Economy, Commercial Law
Published by: Univerzita Palackého v Olomouci
Keywords: conflict of shareholders; deadlock; Russian roulette; determination of purchase price per unit; financial asymmetry;
Summary/Abstract: The article provides a basic analysis of the shoot-out right, in particular as regards the mechanism of its functioning. The shoot-out right is an instrument for handling of conflict situations in a company, where the exercise of this right is usually connected with exit of one of the shareholders and domination of the company by the remaining shareholder. At first sight, the shoot-out right is an elegant and fair solution for overcoming a shareholder conflict, which could threaten the very existence of the company. However, this right, and in particular its exercise, brings some risks.
Journal: International and Comparative Law Review
- Issue Year: 20/2020
- Issue No: 1
- Page Range: 265-282
- Page Count: 18
- Language: English