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2017, vol. 65, br. 3, str. 7-27
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Teorijske osnove prava nesaglasnih akcionara
Theoretical foundations of shareholders' right to appraisal
Projekat: Projekat Pravnog fakulteta Univerziteta u Beogradu: Identitetski preobražaj Srbije
Sažetak
Pravo nesaglasnih akcionara predstavlja kontroverzan institut prava akcionarskih društava, zbog čega ga prihvata relativno mali broj država. U ovom radu autori prvo analiziraju ciljeve koji se žele postići uvođenjem instituta prava nesaglasnih akcionara. U tom pogledu, prvo su prikazana tradicionalna, a nakon toga i moderna objašnjenja za uvođenje, odnosno zadržavanje tog instituta. U drugom delu rada se pravo nesaglasnih akcionara posmatra kritički, i to prevashodno iz ugla problema koje stvara akcionarskom društvu. Nakon toga je identifikovano i nekoliko potencijalnih uzročnika neefikasnosti korišćenja tog prava. Sagledavanje prednosti i nedostataka prava nesaglasnih akcionara je posebno značajno za Srbiju kako bi se izveo zaključak o tome u kojoj meri su naša rešenja usklađena sa osnovnim postulatima na kojima taj institut treba da počiva.
Abstract
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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