Právny obzor

6

Ročník 105

2022

 

 
T E O R E T I C K Ý  Č A S O P I S  P R E  O T Á Z K Y  Š T Á T U  A  P R Á V A

JANÁČ, V.: Shoot-out right.

Právny obzor, 100, 2017, č. 6, s. 611 – 621.

Abstract. Shoot-out right. The article provides basic analysis of the shoot-out right, in particular as regards its functionality. The shout-out right is a tool for handling of conflict situations in a company, where the exercise of this right is usually connected with exit of one of the shareholders and resulting domination of the company by the remaining shareholder. In the legal practice (in particular Anglo-American) a number of variants of the exercise of this right have developed; these variants are covered in detail in this article. From 1 January 2017 the shoot-out right is part of Slovak system of law as secondary arrangement in the shareholder agreement of a simple joint-stock company. At first sight, the shoot-out right represents an elegant and fair solution to overcoming of a conflict, which might present potential risk to the very existence of a company. However, this right, and in particular its exercise, bring a number of risks. This fact is proved by the foreign practice, where this right is exercised in a very small number of cases and where the shareholders prefer other method of resolution of a conflict, mainly by mutual agreement.

Key words: conflict of shareholders, standoff, Russian roulette, Texas shoot-out, disadvantages of the shoot-out right

ISSN 2729-9228
(online)

ISSN 0032-6984
(print)

THEORETICAL REVIEW FOR ISSUES OF STATE AND LAW.

Právny obzor is peer-reviewed journal and is indexed in SCOPUS and HeinOnline database (INDEX TO FOREIGN LEGAL PERIODICALS).

 

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