The Legal Responsibility to acquired onparticipation company ( Comparative study) | ||
| AL- Mouhakiq Al-Hilly Journal for legal and political science | ||
| Article 1, Volume 4, Issue 1, June 2012, Pages 7-63 | ||
| Author | ||
| Ibrahem Ismael Ibrahem and Nofl Rehman AL-Jbouri | ||
| Abstract | ||
| The most common method to enforce the person's control over the management of joint-stock company is to acquire capital to the extent that grants acquired most of the voting rights in the General Assembly of the company contribute to or participate in the Governing Council and then be able to guide the decisions of the General Assembly and the Board of Directors of the company acquired, including serve his own interests, and as is customary that the responsibility of board members and managers in the company's contribution is determined by their contribution to the capital, they do not ask for the actions of the company acquired if the deteriorated financial situation and who is adjudicated bankrupt, and not the responsibility of such contrasts with the role they play in life of the company acquired, so it is necessary to regulate the responsibility of the person acquired the shareholding company as amanager or a member of the Board of Directors. The responsibility of the person acquired the company contribute the attributes of the control of management can be determined in two cases, the first result of its contribution in the management of the company acquired, through his management asa director or contribute to the membership of its Board of Directors, and the second wrapped achieve the responsibility of the person acquired the company contribution based on the provisions in tort when there is evidence of an illegal business that can be attributed to the person acquired the company contribution. | ||
| Keywords | ||
| The acquisition process is achieved through acquisition offers; made | ||
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