CEU Electronic Theses and Dissertations, 2015
| Author | Arega, Lemlem Fekadu |
|---|---|
| Title | PREEMPTIVE RIGHTS AND ANTI-DILUTION RULES: THE LESSONS FROM US TO ETHIOPIA |
| Summary | In the era of globalization, investors’ confidence on the market and corporation incentivize the infusion of tremendous amount of capital which aid in the growth and development of the corporation and the country at large. To create that confidence formulation of effective legal and regulatory measures that can accommodate and forecast the current and future needs of investors is vital. Among the means for creating such trust are preemptive rights and anti-dilution rules. These laws protect the interest of existing shareholders and investors from the dilution of their percentage and economic value of their ownership stakes. These protections are being used in the US on contractual basis which the investors and shareholders can opt-in in the carter of incorporation. As opposed to the US, in Ethiopia, preemptive rights are the only mandatory existing shareholders’ protection that is recognized despite the existence of convertible debentures. Hence it is, therefore, highlighted in this thesis that Ethiopia should make use of these protections just like the US system. |
| Supervisor | Tibor Tajti |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2015/arega_lemlem.pdf |
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