Minority and Dissenting Shareholders' Rights in Fundamental Changes

Shareholders’ Pre-Emptive Rights

Minority shareholders’ protection in Romanian capital markets: evidence on dividends

Recent studies in Finance suggest dividends’ role as monitoring mechanism, which allows minority shareholders to control the managers or larger shareholders’ decisions. This paper tests this hypothesis on listed companies at Bucharest Stock Exchange, in 2000-2003 period, from the legislation perspective, but, also, using dividend ratios. Even the regulations and the enforcement of the law seem ...

The Evolution of Effective Remedies for Minority Shareholders and Its Impact upon Valuation of Minority Shares

... Such was the plight, we are told, of the minority shareholder. ... While the New Jersey court in Exadaktilos introduced the notion of expectations as a standard by which to measure whether the challenged conduct was oppressive, the reasonable expectations test reached full bloom in New York after the legislature, in 1979, provided for a buy-out of the minority shareholder as an alternative ...

Multiculturalism and Minority Rights: West and East

Reasoning with fundamental rights

People often withdraw previously drawn conclusions in light of new information. This defeasible reasoning is also important for law, where judges often have to change their verdicts in light of new evidence. Here we investigate defeasibility in the context of conflicting fundamental rights. When, for instance, law to property conflicts with law to information, can one of these rights be “defeat...