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This article examines shareholders' contractual freedom in company law by providing a considered analysis of the … validity of shareholders' agreements in private companies. It explores a line of Hong Kong cases where the principles … by applying it restrictively: the invalidation of shareholders' agreements was based entirely on public policy of an …
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position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …
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minority shareholders. We provide evidence and a model that explains propping. In particular, we suggest that issuing debt can …
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