APPLICABILITY OF MANDATORY TENDER OFFER
Abstract:
The article discusses the basics of using a mandatory tender offer. Due to its content, the article is important from a practical and from theoretical point of view as well. The issues in the article are reviewed using comparative and logical research methods, following the example of US, German and Georgian legislation.
The fact that the legislative norm on mandatory tender offer is placed in the Joint Stock Company chapter of the Law of Georgia on Entrepreneurs, raises questions among practicing lawyers. In particular, should the shareholder of the so-called closed corporation have the obligation to make a mandatory tender offer or not.
Based on above-mentioned, the main purpose of the article is to give the reader a clear idea of when and in which cases mandatory tender offer apply and when the shareholder is not obliged to make a .mandatory tender offer.
Keywords:
Share, Commitment, Redemption
