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By Jitka Logesova
On June 3 2005 Act 216/2005 on the squeeze-out of minority shareholders of joint stock companies took effect. This new law gives majority shareholders of Czech joint stock companies the option of squeezing out minority shareholders against payment of adequate monetary compensation.
By Jitka Logesova
On June 3 2005 Act 216/2005 on the squeeze-out of minority shareholders of joint stock companies took effect.
By Jitka Logesova
Pursuant to current legal regulations, a Czech joint stock company can issue shares as certificated or uncertificated shares. Certificated shares exist only in the book-entry form in the registry of the Securities Centre. Both types of shares may be made out as a registered or bearer share, although certificated bearer shares are expected to be abolished in the near future.