Corporate Finance/M&A, Romania updates

 
Enforceability of drag-along mechanism for limited liability companies
Schoenherr
  • Romania
  • 13 February 2019

In Romania, joint stock and limited liability companies continue to be the most common type of corporation. Limited liability companies are an important backbone of the local economy, with many becoming large enough to qualify as targets in M&A transactions. However, debate exists as to whether classical exit-related provisions (eg, put or call options or drag-along or tag-along clauses) may be implemented in M&A transactions involving shares in limited liability companies.

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