Legal Updates

Valuation of shares will not include an amount set in share purchase ‎agreement that exceeds the objective value of shares

December 29, 2015
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Following a dispute between shareholders the minority shareholder filed a claim in ‎which he‏ ‏requested a remedy of forced purchase of his shares by the control holder. The Court held ‎that that the valuation of the shares will be ‎carried out by an objective appraiser appointed by the Court and that the fact that the minority ‎shareholder presented an agreement for the purchase of his shares does not change the objective value ‎of the shares, under which they will be bought. An exception to this may be if the minority shareholder can show that the majority prevented such agreement

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