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Student Publications Homepage
ARTICLE CONTENTS
[Pages 229-262]
TOP OF ARTICLE
Introduction
I. Background
A. Czech Republic
1. History of Czech Commercial Practice
2. Privatization
3. Structure of Legal Business Entities
4. Minority Shareholder Protections
B. Germany
1. Structure of Close Corporations—the GmbH
2. Minority Shareholder Protections
C. United States
1. Close Corporations
2. Minority Shareholder Protections
a. Dissolution and Its Progeny
b. Fiduciary Duties of Good Faith and Loyalty
II. Issues Facing Minority Shareholders in Close Corporations
A. Control
B. Illiquidity
C. Squeeze-outs
D. Enforcement
E. Where to Invest
III. Comparative Analysis of Minority Shareholder Protections in the Czech Republic, Germany, and the United States
A. Remedies Available
B. Enforcement of Remedies
C. Adequacy of Remedies
IV. Suggestions for Improving Minority Shareholder Protections in the Czech Republic
A. The Relationship Between the Czech Republic, Germany, and the United States
B. Improving Shareholder Protections in the Czech Republic—Providing Broader Bases for Buyout Remedies
Conclusion
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