Lag om ändring av 18 kap. i aktiebolagslagen | 726 — Finland law | Esheria

Lag om ändring av 18 kap. i aktiebolagslagen

Chapter on redemption of minority shares.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Finland
Instrument
Act or statute
Citation
726
Version
Undated source snapshot
Language
sv
Updated
Official source
View official record ↗
appointment of guardian ad litem court procedure dispute resolution interest litigation costs minority shareholder protection register filing service of process share redemption shareholder redemption valuation

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Statute overview

About this statute

Chapter on redemption of minority shares. On application by a party, the Chamber of Commerce redemption board must appoint impartial, independent arbitrators and, if there is more than one, a chair. The application must state and justify the redemption claim. A separate appeal against the arbitrator-selection decision is not allowed. The redemption board must apply to court for a guardian ad litem for minority shareholders unless all parties say it is unnecessary or the appointment would be unjustified; the application may be decided without hearing the minority shareholders. The redemption price for a share must be based on its fair market price before arbitration begins, and annual interest is payable after three weeks from the application to appoint arbitrators. A dissatisfied party or guardian may appeal an arbitration award to Helsinki District Court, and the appeal documents must be filed within 60 days of registration of the award.

Available versions

  • Undated version · current

    fi

  • Undated version · current

    sv