Exception Of Participant From A Company In The Judicial Order: European Experience
Keywords:
exception of participant from a company, decision of General meeting of incorporators, judgment, European experienceAbstract
Establishment in the corporate legislation of possibility of exception of irresponsible participant from company induces to the proper implementation of obligations in society. Norms, that regulate application of such radical sanction must be effective and, at the same time, guarantee impossibility of abuses. It is well proven in the article, that procedure of exception of participant is foreseen by a domestic law on the basis of decision of General meeting of incorporators not always works in practice and is effective. Taking into account experience of some European countries an author found expediency of introduction of judicial order of exception. About an address to the court made decision or by an executive branch or General meeting of incorporators depending on grounds. It is also suggested to provide this procedure the mechanism of derivative lawsuit.
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