Shareholder Protection in Close Corporations: Theory, Operation, and Application of Shareholder Withdrawal Koh Alan K.
Shareholder Protection in Close Corporations: Theory, Operation, and Application of Shareholder Withdrawal Koh Alan K. Close corporations, which are legal forms popular with small and medium…
Specifikacia Shareholder Protection in Close Corporations: Theory, Operation, and Application of Shareholder Withdrawal Koh Alan K.
Shareholder Protection in Close Corporations: Theory, Operation, and Application of Shareholder Withdrawal Koh Alan K.
Close corporations, which are legal forms popular with small and medium enterprises, are crucial to every major economy's private sector. 'Withdrawal remedies'-legal mechanisms enabling aggrieved shareholders to exit companies with monetary claims-are potent minority shareholder protection mechanisms. However, unlike their 'public' corporation counterparts, close corporation minority shareholders have limited exit options, and are structurally vulnerable in conflicts with majority or controlling shareholders.
Developing and applying a theoretical and comparative framework to the analysis of these jurisdictions' withdrawal remedies, this book proposes a model withdrawal remedy that is potentially applicable to any jurisdiction. This book critically examines the theory and operation of withdrawal remedies in four jurisdictions: the United States, the United Kingdom, Germany, and Japan.