Reflections on the "Right of Reversal" of Shareholders' Pre-Emptive Right
Abstract
The pre-emptive right system of shareholders restricts the freedom of transferring the company's equity held by shareholders to a certain extent, but the system is better to protect the company's human integration.But in the Judicial Interpretation of Company Law IV makes the shareholders of a company has the right to go back on our word "" in the equity transfer, the right to go back on our word" "caused the company to other shareholders in the equity transfer process almost lost his priority, and the shareholders right of first refusal as a form type of conflict and encourages the dishonest transaction behavior in the process of equity transfer.Therefore, this provision is not suitable to be directly adopted by China's Corporation law.
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DOI: http://dx.doi.org/10.18686/fm.v8i1.4712
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