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 journal › Article (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

Access to Document

  • Full-text PDF (accepted author manuscript)

    This is the accepted author manuscript (AAM). The final published version (version of record) is available online via Sweet and Maxwell at https://uk.westlaw.com/Document/I94E992B06A8911E9BD97A0C067560F51/View/FullText.html. Please refer to any applicable terms of use of the publisher.

    Accepted author manuscript, 698 KB

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