The law and practice of shareholders' agreements in national and international joint ventures: common and civil law uses ; with multiple clauses and forms for the practitioner
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Alphen aan den Rijn [u.a.]
Kluwer Law International [u.a.]
2014
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXIII, 452 S. |
| ISBN: | 9041147675 9789041147677 |
Internformat
MARC
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| 100 | 1 | |a Wolf, Ronald Charles |e Verfasser |0 (DE-588)1058740954 |4 aut | |
| 245 | 1 | 0 | |a The law and practice of shareholders' agreements in national and international joint ventures |b common and civil law uses ; with multiple clauses and forms for the practitioner |c Ronald Charles Wolf |
| 264 | 1 | |a Alphen aan den Rijn [u.a.] |b Kluwer Law International [u.a.] |c 2014 | |
| 300 | |a XXIII, 452 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Stockholders / Legal status, laws, etc | |
| 650 | 4 | |a Joint ventures / Law and legislation | |
| 650 | 4 | |a Recht | |
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Datensatz im Suchindex
| _version_ | 1804152653293289472 |
|---|---|
| adam_text | TABLE OF CONTENTS
PREFACE XIX
ACKNOWLEDGEMENTS XXIII
INTRODUCTION
THE CLOSE CORPORATION AND THE SHAREHOLDERS AGREEMENT 1
1 WHY STUDY THE LAW(S) OF SHAREHOLDERS AGREEMENTS? 1
2 THE MULTIPLE CHARACTERISTICS OF THE CLOSE CORPORATION 2
3 THE CLOSE CORPORATION AND THE ABSENCE OF A READY MARKET FOR SALE 5
4 A PRACTICAL DEFINITION OF A CLOSE CORPORATION 6
5 SUMMARY FUNCTIONS OF A SHAREHOLDERS AGREEMENT 6
6 IMPORTANCE OF THE SHAREHOLDERS AGREEMENT IN NATIONAL AND
INTERNATIONAL TRANSACTIONS: SHAREHOLDER CONTROL 7
7 THE GENERAL PHILOSOPHY OF CORPORATE LAW 8
CHAPTER 1
THE MULTIPLE VARIETIES OF SHAREHOLDER CONTROL 9
1.1 A DETAILED LIST OF SHAREHOLDER CONTROL 9
1.1.1 THE SHAREHOLDERS AGREEMENT AND SHAREHOLDER CONTROL 11
1.1.2 SIMILAR EXPRESSIONS FOR SHAREHOLDERS AGREEMENT 11
1.1.3 ALTERNATIVE LEGAL INSTRUMENTS FOR SHAREHOLDER CONTROL ON VOTING 12
1.1.4 POOLING AGREEMENTS, ALSO KNOWN AS THE SHAREHOLDER VOTING
AGREEMENTS 12
1.1.5 THE VENERABLE VOTING TRUST 16
1.1.6 AMERICAN BAR ASSOCIATION DEFINITION OF A VOTING TRUST 17
1.1.7 MAIN ELEMENTS OF A VOTING TRUST 18
1.1.8 THE HOLDING COMPANY 21
VN
TABLE OF CONTENTS
1.1.9 TRUSTS 22
1.1.10 SUBSIDIARIES, AFFILIATES, AND INTERLOCKING DIRECTORATES 22
CHAPTER 2
SHAREHOLDER CONTROL REALIZED THROUGH ARTICLES OF INCORPORATION OR THE
SHAREHOLDERS AGREEMENT 25
2.1 SITUS OF SHAREHOLDER CONTROL 25
2.2 SHAREHOLDER PRE-EMPTIVE RIGHTS 25
2.3 DIFFERENT CLASSES OF SHARES 26
2.4 CLASSIFICATION OF DIRECTORS 28
2.5 QUORUM REQUIREMENTS 29
2.6 PROXY AND IRREVOCABLE POWER OF ATTORNEY COUPLED WITH INTEREST 31
2.7 CUMULATIVE VOTING 32
2.8 BYLAWS 33
2.9 PLURALITY VOTING AND MAJORITY VOTING 34
2.10 RESTRICTIONS OF POWERS OF DIRECTORS 35
2.11 DIRECTOR VETO PROVISIONS 36
2.12 RESTRICTIONS ON TRANSFER OF SHARES 36
2.13 LIMITED TERM TO CORPORATE EXISTENCE 38
2.14 MISCELLANEOUS METHODS AND DOCUMENTATION 38
2.15 CONCLUSIONS ON SHAREHOLDER CONTROL AND THE PREFERRED METHOD 39
CHAPTER 3
DRAFTING SUGGESTIONS FOR SHAREHOLDER CONTROL 41
3.1 FORMS SHAREHOLDER CONTROL 41
3 2 POOLING AGREEMENT 41
3.3 VOTING TRUST 44
3.4 FURTHER VOTING TRUST AGREEMENT 48
3.5 FORM RESTRICTION ON TRANSFER OF SHARES 52
3.6 FORM ABSOLUTE RESTRICTION 56
CHAPTER 4
INTERNATIONAL JOINT VENTURES AND SHAREHOLDER CONTROL 59
4.1 THE SPECIAL PROBLEMS OF INTERNATIONAL JOINT VENTURES AND SHAREHOLDER
CONTROL 59
4.2 THE CRAFT OF INTERNATIONAL JOINT VENTURES 62
4.3 THE CHARACTERISTICS OF AN INTERNATIONAL JOINT VENTURE AND
SHAREHOLDER
CONTROL 63
VM
TABLE OF CONTENTS
4.4 DIVERSITY OF LEGAL METHODS FOR CREATING AN INTERNATIONAL JOINT
VENTURE 63
4.5 DIVERSITY OF LEGAL FORMS OF INTERNATIONAL JOINT VENTURES 64
4.6 CONVERGENCE OF LEGAL METHODS AND LEGAL FORMS FOR INTERNATIONAL JOINT
VENTURES 64
4.7 INTERNATIONAL JOINT VENTURES RAISE SPECIFIC PROBLEMS OF
DOCUMENTATION,
INCLUDING THE SHAREHOLDERS AGREEMENT 65
4.8 CONTRACTUAL JOINT VENTURES OR THE UNINCORPORATED JOINT VENTURE 65
4.9 A SHAREHOLDERS AGREEMENT HAS NO PLACE IN THE JOINT VENTURE KNOWN
AS A CONSORTIUM 66
4.10 PARTNERSHIP: CONTRACTUAL OR EQUITY JOINT VENTURE? 66
4.11 THE UNIVERSAL EQUITY JOINT VENTURE 67
4.12 EQUITY JOINT VENTURE DEFINITION 68
4.13 MANAGEMENT RIGHTS ARE PROPERTY RIGHTS WHICH MUST BE PROTECTED BY A
SHAREHOLDERS AGREEMENT 68
4.14 THE FORM OF THE INTERNATIONAL JOINT VENTURE MUST PERMIT AN
EFFICIENT
USE OF A SHAREHOLDERS AGREEMENT 69
CHAPTER 5
THE CONTRACTUAL THEORY OF THE SHAREHOLDERS AGREEMENT 71
5.1 PRACTICAL IMPORTANCE OF A THEORY OF THE SHAREHOLDERS AGREEMENT 71
5.2 A UNIFIED THEORY FOR THE SHAREHOLDERS AGREEMENT 73
5.3 FORMAL REQUIREMENTS 74
5.4 THE SHAREHOLDERS AGREEMENT IS A CONTRACT SUBORDINATE TO THE
CORPORATE
ARTICLES OF INCORPORATION REGULATING THE RIGHTS OF SHAREHOLDERS 75
5.5 THE SHAREHOLDERS AGREEMENT ADDRESSES THE SPECIFIC NEEDS OF THE
INDIVIDUAL SHAREHOLDER AND SEEKS TO PROTECT SHAREHOLDER RIGHTS 75
5.6 THE UNIVERSAL FORMALITY OF THE ARTICLES OF INCORPORATION CONTRASTS
WITH THE UNIQUENESS OF THE SHAREHOLDERS AGREEMENT 77
5.7 THE FORMALISM OF COMPANY LAW AND THE FLEXIBILITY OF THE
SHAREHOLDERS
AGREEMENT 77
5.8 THE CONFLICT BETWEEN THE ARTICLES OF INCORPORATION AND THE
SHAREHOLDERS
AGREEMENT 78
5.9 REGISTRATION REQUIREMENTS: THE SHAREHOLDERS AGREEMENT AND ITS
EFFECT ON THIRD PARTIES 78
5.10 THE CONTEMPORARY ASPECT OF THE SHAREHOLDERS AGREEMENT 79
5.11 THE BREACH OF THE SHAREHOLDERS AGREEMENT 79
5.12 THE CREATION OF THE SHAREHOLDERS AGREEMENT A TOOL OF LAWYERS 80
5.13 THE PUBLIC CORPORATION, THE PRIVATE COMPANY OR CLOSELY-HELD
CORPORATION, AND THE SHAREHOLDERS AGREEMENT 81
5.14 THE HISTORY OF THE SHAREHOLDERS AGREEMENT IN COMMON LAW AND
CIVIL LAW JURISDICTIONS 82
IX
TABLE OF CONTENTS
CHAPTER 6
COMMON LAW, STATUTORY, AND CIVIL LAW DEFINITIONS OF SHAREHOLDERS
AGREEMENT 85
6.1 DEFINITIONS OF A SHAREHOLDERS AGREEMENT USA 85
6.2 THE SHAREHOLDERS AGREEMENT IN THE UK, CANADA, AND AUSTRALIA 89
6.3 CIVIL LAW DEFINITIONS 90
6.4 OTHER DEFINITIONS WITHIN CIVIL LAW SYSTEMS 91
6.5 THE SHAREHOLDERS AGREEMENT IN GERMANY 92
6.6 THE SHAREHOLDERS AGREEMENT IN THE EUROPEAN UNION 94
6.7 NEITHER COMMON LAW NOR CIVIL LAW JURISDICTIONS 94
6.8 THE EMPIRICAL THEORY OF THE SHAREHOLDERS AGREEMENT 95
6.9 THERE IS THEORY AND THERE IS PRACTICE AND THEY MUST COMPLEMENT
EACH OTHER 95
CHAPTER 7
GENERAL DRAFTING SUGGESTIONS FOR SHAREHOLDERS AGREEMENTS 97
7.1 FORMS: DRAFTING SUGGESTIONS OF A SHAREHOLDERS AGREEMENT 97
CHAPTER 8
DRAFTING SUGGESTIONS FOR TRANSFER RESTRICTIONS IN SHAREHOLDERS
AGREEMENTS 111
8.1 FORMS FOR TRANSFER RESTRICTIONS 111
CHAPTER 9
HOW THE SHAREHOLDERS AGREEMENT FUNCTIONS IN INTERNATIONAL JOINT
VENTURES 121
9.1 THE FUNCTION OF A SHAREHOLDERS AGREEMENT IN INTERNATIONAL JOINT
VENTURES 121
9.2 FORMS OF A JOINT VENTURE WHICH FAVOR THE SHAREHOLDERS AGREEMENT 122
9.3 THE TRADITIONAL MODEL OF A JOINT VENTURE 122
9.4 CONSTELLATION OF CONTRACTS IS NOT A JOINT VENTURE 122
9.5 MANAGEMENT AGREEMENT IS NOT A JOINT VENTURE 123
9.6 BUILDING BLOCK FORMAT IS NOT A JOINT VENTURE 123
9.7 SHAREHOLDERS AGREEMENT FORMS PART OF NUMEROUS DOCUMENTATION 123
9.8 WHAT IS THE FUNCTION OF THE SHAREHOLDERS AGREEMENT AMIDST VARIOUS
DOCUMENTS? 123
9.9 STANDSTILL RESTRICTIONS IN THE INTERNATIONAL JOINT VENTURE AND THE
SHAREHOLDERS AGREEMENT 125
9.10 ADVANTAGES OF A SHAREHOLDERS AGREEMENT OVER JOINT VENTURE
AGREEMENT 125
9.11 THE DISTRIBUTION OF POWER BETWEEN THE SHAREHOLDERS AGREEMENT AND
THE JOINT VENTURE AGREEMENT 127
TABLE OF CONTENTS
9.12 USING THE SHAREHOLDERS AGREEMENT FOR PURPOSES OF CONTROL IN A
JOINT
VENTURE 128
9.13 AVOIDANCE OF CONTRADICTION BETWEEN JOINT VENTURE AGREEMENT AND
SHAREHOLDERS AGREEMENT 128
9.14 THE MANAGEMENT ASPECT OF A SHAREHOLDERS AGREEMENT IN A JOINT
VENTURE 129
9.15 CHARACTERISTICS OF A JOINT VENTURE AND THE USE OF A SHAREHOLDERS
AGREEMENT 129
9.16 SIMILAR NAMES DOES NOT MEAN SIMILAR CONCEPTS 132
9.17 IN FAVOR OF THE PRIVATE LIMITED LIABILITY COMPANY 132
CHAPTER 10
THE BASIC ELEMENTS OF THE SHAREHOLDERS AGREEMENT 133
10.1 THE SHAREHOLDERS AGREEMENT FORM IN ALL ITS ASPECTS 133
10.2 THE FORM OF THE SHAREHOLDERS AGREEMENT 134
10.3 THE LAW WHICH GOVERNS THE SHAREHOLDERS AGREEMENT 134
10.4 THE CLASSIFICATION OF SHAREHOLDERS AGREEMENTS 135
10.5 THE PARTIES TO A SHAREHOLDERS AGREEMENT 135
10.6 JOINING THE CORPORATION AS A PARTY 136
10.7 THE SHAREHOLDER WHO IS ALSO A DIRECTOR OR ADMINISTRATOR 137
10.8 THE SHAREHOLDERS AGREEMENT AND THE TIME OF ITS EXECUTION 137
10.9 THE SHAREHOLDERS AGREEMENT AND THE CLASSIFICATION OF THE SHARE 137
10.10 THE SHAREHOLDERS AGREEMENT AND REGISTRATION 138
10.11 THE SHAREHOLDERS AGREEMENT AND TERM 138
10.12 THE SHAREHOLDERS AGREEMENT WITH EXCESSIVE TERM 139
10.13 THE SHAREHOLDERS AGREEMENT AND ITS OBJECTIVES 140
10.14 AMENDMENT OF THE SHAREHOLDERS AGREEMENT 140
10.15 THE ARTICLES OF INCORPORATION AS AN ABBREVIATED SHAREHOLDERS
AGREEMENT 141
10.16 SHOULD THE ARTICLES OF INCORPORATION AND THE SHAREHOLDERS
AGREEMENT
CONTAIN REFERENCES TO ONE ANOTHER? 141
10.17 THE POLICY LIMITS OF THE SHAREHOLDERS AGREEMENT 142
10.18 THE UNANIMOUS SHAREHOLDERS AGREEMENT 143
10.19 THE SHAREHOLDERS AGREEMENT AND MINORITY RIGHTS 145
10.20 THE SHAREHOLDERS AGREEMENT AS ARBITER OF DIVERSE CORPORATE POWERS
146
10.21 CREATING THE SHAREHOLDERS AGREEMENT WITH MINIMUM STANDARD
CLAUSES 147
10.22 ADHERENCE AGREEMENT 147
10.23 INCORPORATION ARTICLES USED AS ABBREVIATED SHAREHOLDERS
AGREEMENT 148
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TABLE OF CONTENTS
CHAPTER 11
DRAFTING SUGGESTIONS FOR BASIC SHAREHOLDERS AGREEMENT 151
11.1 FORMS FOR BASIC SHAREHOLDERS AGREEMENT 151
11.2 MINIMUM DIVIDEND IN ARTICLES OF INCORPORATION 151
11.3 VENTURE CAPITAL INVESTORS 152
11.4 TYPICAL SHAREHOLDERS AGREEMENT OF CLOSELY HELD CORPORATION 153
11.5 INSERTION OF RENEWAL CLAUSE 165
11.6 SIMPLE MANAGEMENT AGREEMENT OF PRIVATE LIMITED LIABILITY COMPANY
WITHOUT SHARES 165
CHAPTER 12
INTERNATIONAL JOINT VENTURES & SPECIAL CLAUSES IN THE SHAREHOLDERS
AGREEMENT 169
12.1 THE SHAREHOLDERS AGREEMENT AS PROTECTION AGAINST SHAREHOLDER
AGGRESSION 169
12.2 TOPICAL LIST (39) FOR SHAREHOLDERS AGREEMENT IN INTERNATIONAL
JOINT
VENTURE 170
12.3 DISCUSSION OF TOPICAL LIST 171
12.4 THE DEADLOCK COMPANY 182
12.5 SYMPTOMS OF DEADLOCK 183
12.6 TERMINATIONS ISSUES 183
CHAPTER 13
CONTROLLING THE BOARD OF DIRECTORS 187
13.1 THE COMMON LAW AND THE CIVIL LAW: DIFFERENT HISTORIES WITH
DIFFERENT
CONCLUSIONS 187
13.2 THE SHAREHOLDERS AGREEMENT AND COMMON LAW JURISDICTIONS 188
13.3 THE SHAREHOLDERS AGREEMENT AND CIVIL LAW JURISDICTIONS 188
13.4 THE FUTURE LEGAL FORM FOR USE OF THE SHAREHOLDERS AGREEMENT 190
13.5 THE LEGISLATIVE APPROACH TO RESTRICTIONS ON MANAGEMENT 190
13.6 THE CLOSELY HELD CORPORATION HISTORY AND THE SHAREHOLDERS
AGREEMENT 192
13.7 THE BOARD OF DIRECTORS IN A SHARE CORPORATION AND IN A PRIVATE
LIMITED
LIABILITY COMPANY 192
13.8 CONTROLLING THE BOARD OF DIRECTORS AND GENERAL POLICY
CONSIDERATIONS 194
13.9 DESIGNATION AND ELECTION OF DIRECTORS 195
13.10 REMOVAL OF DIRECTORS 196
13.11 REPLACEMENT OF DIRECTORS 197
13.12 BOARD COMPOSITION AND QUORUM CONSIDERATIONS 197
13.13 DELEGATION OF POWERS, IN PART, TO A THIRD PARTY, SUCH AS A
COMMITTEE 198
XN
TABLE OF CONTENTS
13.14 LIMITING THE POWERS OF THE DIRECTORS: GENERAL CONCLUSIONS 199
13.15 LIMITS OF RESTRICTIONS: STERILIZING THE BOARD OF DIRECTORS 203
CHAPTER 14
DRAFTING SUGGESTIONS FOR CONTROLLING THE BOARD OF DIRECTORS 205
14.1 FOREIGN INVESTOR PROTECTION 205
14.2 PROTECTION AS TO PRESENCE IN GENERAL ASSEMBLY 207
14.3 VETO BY NON-RESIDENT FOREIGN INVESTOR 208
14.4 RESTRICTION ON MANAGEMENT 212
14.5 CERTIFICATE OF INCORPORATION, BY-LAWS, AND CERTIFICATE LEGENDS 215
CHAPTER 15
INTERNATIONAL JOINT VENTURES AND CONTROLLING THE BOARD OF DIRECTORS 217
15.1 THE SHAREHOLDERS AGREEMENT AND THE PROTECTION OF MANAGEMENT
FUNCTIONS 217
15.2 THE NUMBER OF DIRECTORS AND COMPANY ARTICLES 218
15.3 CONTROLLING THE BOARD OF DIRECTORS AND PRIVATE AGREEMENTS 218
15.4 DISMISSAL OF MANAGEMENT 219
15.5 QUORUM OBLIGATIONS AS A SAFEGUARD TO MINORITY INTERESTS 220
15.6 QUORUM RIGHTS: CONSTITUENT ASSEMBLY AND VALID VOTING 222
15.7 VOTING REQUIREMENTS AND DISTINCTION FROM QUALIFIED MAJORITY ON
CERTAIN
ISSUES 223
15.8 CUSTOMIZING THE INTERNATIONAL JOINT VENTURE THROUGH THE USE OF THE
SHAREHOLDERS AGREEMENT 224
15.9 TABLE OF ITEMS CONCERNING MANAGEMENT IN SHAREHOLDERS AGREEMENT 224
15.10 THE SHAREHOLDERS AGREEMENT AS THE ARBITER OF POWER 235
15.11 RIGHTS ARE BEING CREATED; MODIFIED; POWER DISTRIBUTED AND POWER
WEAKENED 236
CHAPTER 16
RESTRICTIONS ON THE TRANSFER OF SHARES 239
16.1 TRANSFER IS NOT TRANSMISSION 239
16.2 WHY TRANSFER RESTRICTIONS? 242
16.3 THEORY OF TRANSFER RESTRICTIONS AND CONSEQUENCES FOR THE CONCEPTS
OF
TRANSFER AND TRANSMISSION 242
16.4 PARTIES TO SHARE RESTRICTIONS: SHAREHOLDER, SPOUSE, AND COMPANY 243
16.5 WHERE SHOULD THE TRANSFER RESTRICTIONS APPEAR? 244
16.6 PRE-INCORPORATION AGREEMENT 244
16.7 ARTICLES OF INCORPORATION 244
16.8 BYLAWS 245
16.9 RESTRICTIONS IN THE SHAREHOLDERS AGREEMENT 246
XIU
TABLE OF CONTENTS
16.10 FORMAL REQUIREMENTS OF SHARE RESTRICTIONS 246
16.11 NOTICE OF SHARE RESTRICTIONS TO SHAREHOLDERS AND THIRD PARTIES 247
16.12 WHAT ARE THE DIFFERENT OPTIONS BY WHICH RESTRICTIONS ARE
FORMULATED? 247
16.13 PRACTICAL GUIDELINES 247
16.14 PROBLEMS WHERE THE CORPORATION HAS THE PRIORITY TO PURCHASE
INSTEAD OF CROSS-OPTIONS TO THE OTHER SHAREHOLDER(S) 249
16.15 RIGHT OF FIRST REFUSAL (ROFR)/RIGHT OF FIRST OFFER (ROFO) 249
16.16 MANDATORY SALE PROVISIONS 250
16.17 OPTIONAL VALUATION STANDARDS 250
16.18 DRAG-ALONG AND TAG-ALONG RIGHTS 2 51
16.19 DRAG-ALONG ISSUES 251
16.20 TESTAMENTARY DISPOSITIONS AND INVOLUNTARY TRANSMISSIONS
CONFLICTING
WITH SHARE RESTRICTIONS 252
16.21 LIENS AND PLEDGES 253
16.22 DIVORCE AND DISSOLUTION OF MARRIAGE 254
16.23 ENFORCEMENT 255
16.24 VALUATION ISSUES 255
16.25 BOOK VALUE 255
16.26 AGREEMENT ON PURCHASE PRICE 256
16.27 MARKET OR BEST OFFER PRICE 256
16.28 CAPITALIZING EARNINGS 256
16.29 APPRAISAL 257
16.30 BOARD OF DIRECTORS, OTHER SHAREHOLDER(S) 257
16.31 TAX RULINGS 257
16.32 THE MOST PRACTICAL METHOD 258
16.33 PAYMENT PROVISIONS 258
16.34 TAX CONSIDERATIONS 258
16.35 CONCLUSION 260
CHAPTER 17
DRAFTING SUGGESTIONS FOR SHARE TRANSFER RESTRICTIONS 261
17.1 TOPICAL ITEMS FOR RESTRICTIONS ON TRANSFER TRANSMISSIONS 261
17.2 SAMPLE FORMS RESTRICTIONS ON TRANSFERS 263
17.3 TAG ALONG AND DRAG ALONG RIGHT 264
17.4 RIGHT OF FIRST REFUSAL TO CORPORATION 267
17.5 ESTATE PLANNING EXCEPTIONS 268
17.6 VARIATION OF EXCEPTION FOR ESTATE PLANNING 269
CHAPTER 18
INTERNATIONAL JOINT VENTURES AND TRANSFER RESTRICTIONS 271
18.1 THE RELEVANT LEGAL FORM FOR INTERNATIONAL JOINT VENTURES AND
TRANSFER
RESTRICTIONS 271
XIV
TABLE OF CONTENTS
18.2 THE OBJECTIVES OF RESTRICTIONS AND OTHER CLAUSES IN A SHAREHOLDERS
AGREEMENT 272
18.3 THE SEARCH FOR A SUSTAINABLE THEORY OF THE JOINT VENTURE COMPANY:
THE
DIVISION OF POWER 273
18.4 THE SHARING OF POWER 274
18.5 ABSOLUTE RESTRICTIONS AND CONDITIONAL RESTRICTIONS 276
18.6 PRIVATE LIMITED LIABILITY COMPANY AND RESTRICTIONS 277
18.7 INSERTION OF RESTRICTIONS IN OPERATIVE DOCUMENTS 277
18.8 CIRCUMVENTING THE RULE AGAINST ABSOLUTE RESTRICTIONS 278
18.9 ESSENTIAL TOPICS FOR TRANSFER RESTRICTIONS 278
CHAPTER 19
RIGHTS OF THE MINORITY SHAREHOLDER 285
19.1 THE MORASS OF THE MINORITY SHAREHOLDER 285
19.2 SYMPTOMS OF FESTERING DISPUTE AND UNRAVELING OF SHAREHOLDER
COOPERATION 286
19.3 TYPICAL COMMON LAW JURISDICTIONS: USA, THE CLOSE CORPORATION, AND
THE PRIVATE LIMITED LIABILITY COMPANY 287
19.4 REMEDIES FOR SHAREHOLDER DISSENSION: UK AND THE PRIVATE LIMITED
LIABILITY COMPANY 287
19.5 TYPICAL CIVIL LAW JURISDICTIONS 289
19.6 DISSOLUTION AS A REMEDY WHEN THERE IS SHAREHOLDER DISSENSION:
CUSTOMIZING THE TRIGGERING EVENTS 290
19.7 WHAT REALISTIC DEFAULT RELIEF DO MINORITIES SHAREHOLDERS HAVE AT
LAW? 292
19.8 BUY-OUT PROVISIONS ARE AN EFFICIENT METHOD TO AVOID LITIGATION AND
PERMIT A FAIR EXIT OPTION FOR SHAREHOLDERS 294
19.9 VALUATION METHODS 295
19.10 FUNDING 298
19.11 CHOICE OF LAW AND CHOICE OF FORUM CLAUSES 299
19.12 ABSENCE OF CHOICE OF LAW CLAUSE 299
CHAPTER 20
DRAFTING SUGGESTIONS: EXPANDING ADVERSARY RIGHTS FOR THE MINORITY
SHAREHOLDER 301
20.1 ACCESS TO CORPORATE DOCUMENTS 301
20.2 DISPUTE RESOLUTION 302
20.3 RESTRICTING POWER OF ARBITRATOR 304
20.4 MATERIAL NOT SUBJECT TO ARBITRATION 305
20.5 DISSOLUTION RIGHTS 307
20.6 SPECIFIC BUY SELL CLAUSES FOLLOWING ARBITRATION 308
20.7 GENERAL CLAUSE FOR BUY-SELL AGREEMENTS 311
20.8 CLAUSE PROVIDING FOR SHAREHOLDER TO CHOOSE ALTERNATE JURISDICTION
312
XV
TABLE OF CONTENTS
CHAPTER 21
INTERNATIONAL JOINT VENTURES AND SHAREHOLDER DISSENSION 315
21.1 INTRODUCTION TO DISPUTE RESOLUTION 315
21.2 CONCILIATION 317
21.3 MEDIATION 319
21.4 ISSUES RELATING TO MEDIATION 320
21.5 MEDIATION AS A CONDITION TO FURTHER ACTION 321
21.6 THE TOPICS TO BE MEDIATED 321
21.7 THE SELECTION OF MEDIATORS 322
21.8 EXCHANGE OF INFORMATION AND CONFIDENTIALITY OF THE MEDIATION
PROCESS 322
21.9 THE MEDIATION PROCESS 323
21.10 ENFORCEABILITY OF MEDIATION 324
21.11 ADJUDICATION 324
21.12 ARBITRATION 326
21.13 TRIBUNAL 329
CHAPTER 22
THE END OF THE SHAREHOLDERS AGREEMENT BREACH AND REMEDIES 333
22.1 CONFLICTING SOURCES FOR THE PROTECTION OF SHAREHOLDERS 333
22.2 INTRODUCING THE CONSTITUTIONAL SHAREHOLDERS AGREEMENT 334
22.3 MULTIPLE SOURCES PROVIDE MULTIPLE RIGHTS TO THE SHAREHOLDER 334
22.4 REMEDIES FOR BREACH SOUGHT IN ALL DOCUMENTATION UNDER NEXUS OF
CONTRACTS THEORY 335
22.5 TERMINATION OF THE SHAREHOLDERS AGREEMENT 335
22.6 DISTINGUISHING THE MANY SOURCES OF THE REMEDIES 336
22.7 ANALYTICAL SCHEME OF REMEDIES FOR AGGRIEVED SHAREHOLDER 337
22.8 GENERAL LITIGATION REMEDIES AND THEIR THEORIES UNDER SHAREHOLDERS
AGREEMENT 337
22.9 LITIGATION RISK WHEN COMPANY PARTY TO SHAREHOLDERS AGREEMENT 337
22.10 THE CONSTITUTIONAL SHAREHOLDERS AGREEMENT 339
22.11 AVAILABLE REMEDIES ASSOCIATED TO THE PRIVATE SHAREHOLDERS
AGREEMENT 340
22.12 SPECIFIC PERFORMANCE 341
22.13 SHAREHOLDER INJUNCTIVE RELIEF 342
22.14 DAMAGES AND DISCHARGE 343
22.15 STATUTORY REMEDIES GRANTED TO THE OPPRESSED SHAREHOLDER
INDEPENDENT OF THE SHAREHOLDERS AGREEMENT AND THE IMPORTANCE OF
REASONABLE EXPECTATIONS 343
22.16 OPPRESSION AND RELATED CONCEPTS INFLUENCED BY THE CONCEPT OF
REASONABLE EXPECTATIONS OF THE PARTIES 344
22.17 OPPRESSED MINORITY SHAREHOLDERS AND REMEDIES 345
22.18 AVOIDING THE SHAREHOLDERS AGREEMENT 345
XVI
TABLE OF CONTENTS
22.19 SELECTING THE APPROPRIATE LAW AND FORUM IN SEARCH OF BROAD,
EFFECTIVE
REMEDIES 346
22.20 COMMERCIAL ARBITRATION PROBLEMS 346
22.21 CHOICE OF LAW PROVISIONS 347
22.22 INTERNAL AFFAIRS DOCTRINE 348
22.23 FORUM SELECTION 348
CHAPTER 23
INTERNATIONAL JOINT VENTURES AND THE END OF THE SHAREHOLDERS AGREEMENT
351
23.1 TERMINATION OF THE JOINT VENTURE 351
23.2 REASONS FOR WITHDRAWAL 352
23.3 MECHANISMS OF EXITING 352
23.4 POST-TERMINATION RESTRAINTS ON COMMERCIAL CONDUCT OF JOINT VENTURE
PARTIES 354
23.5 CONTINUATION OF THE JOINT VENTURE 356
23.6 CONTINUATION OF CONTRACTUAL OBLIGATIONS 357
23.7 EXISTING LIABILITIES OF WITHDRAWING PARTNER 357
APPENDIX I
SHAREHOLDERS AGREEMENT CHECKLIST 361
APPENDIX II
CHECKLIST INTERNATIONAL JOINT VENTURE INTEGRATED WITH SHAREHOLDERS
AGREEMENT 369
APPENDIX III
FORMS FOR THE PRACTITIONER 377
APPENDIX IV
SHAREHOLDERS AGREEMENTS 381
BIBLIOGRAPHY 435
TABLE OF CASES 443
INDEX 445
XVN
|
| any_adam_object | 1 |
| author | Wolf, Ronald Charles |
| author_GND | (DE-588)1058740954 |
| author_facet | Wolf, Ronald Charles |
| author_role | aut |
| author_sort | Wolf, Ronald Charles |
| author_variant | r c w rc rcw |
| building | Verbundindex |
| bvnumber | BV042157693 |
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| format | Book |
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| id | DE-604.BV042157693 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T01:14:08Z |
| institution | BVB |
| isbn | 9041147675 9789041147677 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027597405 |
| open_access_boolean | |
| owner | DE-M382 |
| owner_facet | DE-M382 |
| physical | XXIII, 452 S. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Kluwer Law International [u.a.] |
| record_format | marc |
| spelling | Wolf, Ronald Charles Verfasser (DE-588)1058740954 aut The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner Ronald Charles Wolf Alphen aan den Rijn [u.a.] Kluwer Law International [u.a.] 2014 XXIII, 452 S. txt rdacontent n rdamedia nc rdacarrier Stockholders / Legal status, laws, etc Joint ventures / Law and legislation Recht SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027597405&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wolf, Ronald Charles The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner Stockholders / Legal status, laws, etc Joint ventures / Law and legislation Recht |
| title | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner |
| title_auth | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner |
| title_exact_search | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner |
| title_full | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner Ronald Charles Wolf |
| title_fullStr | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner Ronald Charles Wolf |
| title_full_unstemmed | The law and practice of shareholders' agreements in national and international joint ventures common and civil law uses ; with multiple clauses and forms for the practitioner Ronald Charles Wolf |
| title_short | The law and practice of shareholders' agreements in national and international joint ventures |
| title_sort | the law and practice of shareholders agreements in national and international joint ventures common and civil law uses with multiple clauses and forms for the practitioner |
| title_sub | common and civil law uses ; with multiple clauses and forms for the practitioner |
| topic | Stockholders / Legal status, laws, etc Joint ventures / Law and legislation Recht |
| topic_facet | Stockholders / Legal status, laws, etc Joint ventures / Law and legislation Recht |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027597405&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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