Detail of webinar for “Free online seminar on Minority Shareholder Buyout Request”
This webinar session will be held on Friday, 27th March from 18:00 Japan-time. More details can be found below, including details for registering, and the dates/topics for future webinars.
If you are interested to join, please feel free to contact us.
About the webinar
| Date | Friday, 27th March PM 6:00 – 7:00 (JST) |
|---|---|
| Language | Japanese |
| Fee | Free of charge |
| Register | E-mail : info@kslaw.jp |
Topics
Free online seminar on Minority Shareholder Buyout Request
The right to request share repurchase refers to a shareholder’s right to demand that the issuing company repurchase their held shares at a fair price. Shareholders are not inherently permitted to request that a company repurchase their shares. This is because if shareholders were always permitted to demand share repurchases from the company, the company’s capital would drain away, threatening its financial foundation and potentially causing unforeseen damage to company creditors.
Therefore, the Companies Act exceptionally permits shareholders to exercise their share repurchase request right only when failing to grant it would likely cause significant disadvantage to the shareholder.
Specifically, minority shareholders may exercise their share repurchase request right under certain conditions in the following situations: when the company transfers its business, merges, divides, exchanges shares, transfers shares, issues shares, consolidates shares, imposes transfer restrictions on shares, attaches a call provision to shares, engages in acts likely to harm holders of class shares, or when requested by shareholders holding less than the minimum trading unit.
This seminar will provide a detailed explanation of the requirements for exercising the share purchase request right in each of these cases, the methods for exercising the right, how the purchase price is determined, and methods for voluntary sale through negotiation.
This seminar is open to everyone, so please register if you are interested in ｍinority Shareholder Buyout Request. The seminar will be held online, so you can participate from your office or home. We will send you the URL to join the Zoom conference. We look forward to seeing many of you there.