Regulating Related Party Transactions During the COVID-19 Crisis
نویسندگان
چکیده
Related party transactions ("RPTs") are frequently used as a tool for siphoning off value from company, but they can also be an efficient instrument assisting firms. The trade-off between stopping value-decreasing RPTs and promoting value-increasing requires lawmakers to seek optimal balance, relying on several contingent factors. This paper highlights the strong interdependency regulation economic changes. After 2008 crisis, policymakers have enhanced minority shareholders' control over RPTs, considering their involvement most effective safeguard against tunnelling. During COVID-19 governments introduced exemptions rules even if might weaken protection. reason is that firms face dramatic liquidity shortfalls due pandemic, vehicle providing finance distressed companies, avoiding wave of bankruptcies would dangerous economy. Thus, has been tweaked adapting new environment, these legal changes, in turn, could affect recovery.
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ژورنال
عنوان ژورنال: Christ University law journal
سال: 2021
ISSN: ['2278-4322']
DOI: https://doi.org/10.12728/culj.18.1