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VIII - A Model Withdrawal Remedy

from Part 3 - Application

Published online by Cambridge University Press:  14 October 2022

Alan K Koh
Affiliation:
Nanyang Technological University, Singapore
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Summary

With the case for withdrawal remedies made and critical comparative analysis of several jurisdictional variants conducted earlier in the book, Chapter VIII integrates insights from the theoretical and comparative analyses into a jurisdiction-neutral model withdrawal solution. This ‘Model Remedy’ gives effect to private ordering arrangements and offers judicially administered solutions where contract is absent or otherwise defective. Chapter VIII also explains the Model Remedy’s key features: a trichotomous classification of withdrawal grounds (fault, non-fault, and at will), and a combination of mandatory, sticky default, and default rules and standards differentiated by the grounds involved. Drawing on and improving upon existing legal regimes, the Model Remedy provides practical guidance on the design and implementation of calibrated withdrawal solutions responsive to a broad range of scenarios. It will be useful for legislators and judges seeking to address intracorporate conflicts in close corporations, and for legal practitioners drafting close corporation constitutions and shareholder agreements.

Type
Chapter
Information
Shareholder Protection in Close Corporations
Theory, Operation, and Application of Shareholder Withdrawal
, pp. 259 - 286
Publisher: Cambridge University Press
Print publication year: 2022

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  • A Model Withdrawal Remedy
  • Alan K Koh, Nanyang Technological University, Singapore
  • Book: Shareholder Protection in Close Corporations
  • Online publication: 14 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108634618.009
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  • A Model Withdrawal Remedy
  • Alan K Koh, Nanyang Technological University, Singapore
  • Book: Shareholder Protection in Close Corporations
  • Online publication: 14 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108634618.009
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • A Model Withdrawal Remedy
  • Alan K Koh, Nanyang Technological University, Singapore
  • Book: Shareholder Protection in Close Corporations
  • Online publication: 14 October 2022
  • Chapter DOI: https://doi.org/10.1017/9781108634618.009
Available formats
×