Emergency situations and the corporate capacity od the state to respond to them

Abstract

The paper focuses on the position of the state as a shareholder of a joint-stock company and the prerequisites that enable it to exercise decisive influence in a joint-stock company. It also deals with corporate procedures through which the state can acquire the status of a sole shareholder in companies of strategic importance and thus respond more effectively to emergency situations. However, the state should respect the difference between its position of supremacy and that of a participant in private law relations.

Keywords

• State
• joint stock company
• decisive influence
• voluntary takeover bid
• displacement of minority shareholders
• golden shares
• division of joint stock company.