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Mr Vallikivi Gives Advice to Minority Shareholders in the Business Daily Äripäev
05.02.2010
The 4 February issue of Äripäev published comments on the protection of minority shareholders by Mr Hannes Vallikivi, partner at Tark & Co, in the practical advice column “How to …”. Mr Vallikivi highlighted the protective measures available for minority shareholders in both closely held and publicly traded companies. Such measures include, for instance, using blocking rights, special rights granted to 10 per cent of the shareholders as well as the right of a minority shareholder to contest certain resolutions and activities in court. In publicly traded companies, the level of protection is lower due to small holdings. Mr Vallikivi stressed that, just like all shareholders, minority shareholders must exercise their rights in good faith, which means that all legal steps taken must be justified and well prepared.
