Use and abuse of power in changes of corporate control: transfer schemes and shareholders’ voting practices in unchartered waters

Georgina Tsagas

Research output: Contribution to journalArticle (Academic Journal)peer-review

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Abstract

Discusses, with reference to Re Dee Valley Group Plc (Ch D), how dissenting shareholders in a takeover may use or abuse their powers to defeat the move by a share-splitting exercise. Reviews the regulation of member transfer schemes, the court's approach to whether share-splitting was objectionable, and the role of class interests. Proposes reforms to clarify how the discretion, authority and accountability of the parties should be determined.
Original languageEnglish
Pages (from-to)282-303
JournalJournal of Business Law
Volume4
Publication statusAccepted/In press - 18 Mar 2018

Keywords

  • Class meetings
  • Schemes of arrangement
  • Share transfers
  • Shareholders' rights
  • Takeovers
  • Voting rights

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