Majority shareholder protection by variable qualified majority rules

• Autores: Andrea Casajús Navasal, Helfried Labrenz, Tobias Hiller
• Localización: European journal of law and economics, ISSN 0929-1261, Vol. 28, Nº 1, 2009, págs. 9-18
• Idioma: inglés
• DOI: 10.1007/s10657-009-9096-8
• Texto completo no disponible (Saber más ...)
• Resumen

  • In this paper, we analyze judicial review according to the German Stock Corporation Act (Aktiengesetz, §§ 243 et seqq.) and its blocking effect with the help of concepts of cooperative game theory. In particular, we suggest variable qualified majority rules as ingredients of arrangements which balance the interests of a majority shareholder and of the minority shareholders.