Theoretical foundations of shareholders' right to appraisal

Shareholders' right to appraisal represents a controversial topic of corporation law, which is why a relatively small number of countries accept it. In this article, the authors analyze the goals that are supposed to be achieved with the introduction of shareholders' appraisal rights. In t...

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Main Authors: Vasiljević Mirko, Radović Vuk
Format: Article
Language:English
Published: University of Belgrade, Faculty of Law, Belgrade, Serbia 2017-01-01
Series:Anali Pravnog Fakulteta u Beogradu
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651703007V.pdf
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author Vasiljević Mirko
Radović Vuk
author_facet Vasiljević Mirko
Radović Vuk
author_sort Vasiljević Mirko
collection DOAJ
description Shareholders' right to appraisal represents a controversial topic of corporation law, which is why a relatively small number of countries accept it. In this article, the authors analyze the goals that are supposed to be achieved with the introduction of shareholders' appraisal rights. In this respect, traditional and modern explanations for the introduction or maintaining of this right have been presented. In the second part of this article, shareholders' right to appraisal has been critically examined, mostly from corporations' perspective. Afterwards, several potential causes of inefficiency of using this right have been identified. Perceiving pros and cons of shareholders' right to appraisal is of particular importance for Serbia, in order to draw a conclusion about harmonization of our legislative solutions with the theoretical foundations of this right.
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language English
publishDate 2017-01-01
publisher University of Belgrade, Faculty of Law, Belgrade, Serbia
record_format Article
series Anali Pravnog Fakulteta u Beogradu
spelling doaj-art-2e54cde30a624d5fa583c2bf1b2073a82025-08-20T02:38:51ZengUniversity of Belgrade, Faculty of Law, Belgrade, SerbiaAnali Pravnog Fakulteta u Beogradu0003-25652406-26932017-01-0165372710.5937/AnaliPFB1703007V0003-25651703007VTheoretical foundations of shareholders' right to appraisalVasiljević Mirko0Radović Vuk1University of Belgrade, Faculty of Law, Belgrade, SerbiaUniversity of Pittsburgh, U.S.A. + Univerzitet u Beogradu, Pravni fakultet, BeogradShareholders' right to appraisal represents a controversial topic of corporation law, which is why a relatively small number of countries accept it. In this article, the authors analyze the goals that are supposed to be achieved with the introduction of shareholders' appraisal rights. In this respect, traditional and modern explanations for the introduction or maintaining of this right have been presented. In the second part of this article, shareholders' right to appraisal has been critically examined, mostly from corporations' perspective. Afterwards, several potential causes of inefficiency of using this right have been identified. Perceiving pros and cons of shareholders' right to appraisal is of particular importance for Serbia, in order to draw a conclusion about harmonization of our legislative solutions with the theoretical foundations of this right.http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651703007V.pdfcorporationshareholderrights of minority shareholdersfundamental corporate change
spellingShingle Vasiljević Mirko
Radović Vuk
Theoretical foundations of shareholders' right to appraisal
Anali Pravnog Fakulteta u Beogradu
corporation
shareholder
rights of minority shareholders
fundamental corporate change
title Theoretical foundations of shareholders' right to appraisal
title_full Theoretical foundations of shareholders' right to appraisal
title_fullStr Theoretical foundations of shareholders' right to appraisal
title_full_unstemmed Theoretical foundations of shareholders' right to appraisal
title_short Theoretical foundations of shareholders' right to appraisal
title_sort theoretical foundations of shareholders right to appraisal
topic corporation
shareholder
rights of minority shareholders
fundamental corporate change
url http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651703007V.pdf
work_keys_str_mv AT vasiljevicmirko theoreticalfoundationsofshareholdersrighttoappraisal
AT radovicvuk theoreticalfoundationsofshareholdersrighttoappraisal