CEU Electronic Theses and Dissertations, 2008
| Author | Koryte, Milda |
|---|---|
| Title | SHAREHOLDER'S RIGHT TO INFORMATION IN LITHUANIA AND THE USA: COMPARISON AND EVALUATION |
| Summary | This paper examines, compares, and evaluates a shareholder’s right to information in the jurisdictions of Lithuania and Delaware. This paper advocates that, due to Delware’s special corporate law position, including long dating statutory provisions and precedents that have been established by an experienced judiciary, it provides a better shareholder’s right to information protection and a more harmonious balance between shareholder’s inspection right and companies’ right to run their business without undue interference. The research shows that Lithuanian law lacks the core provision established in Delaware law: a statement of proper purpose in order to inspect corporate documents. The paper recommends that Lithuania would greatly benefit from Delaware law expertise by making two amendments to the Lithuanian Companies’ Act. First, by amending the Act, so that a company may request a shareholder to disclose his inspection purpose before providing corporate information. The second suggested amendment is to enact a provision that allows inspection only during regular companies’ business hours. |
| Supervisor | Messmann, Stefan |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2008/koryte_milda.pdf |
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